【Follow-up】What did the popular Twitter analysts say after the crash on March 12th?

ChainNews previously compiled the views of influential figures in the cryptocurrency industry on market trends. This time, let's review their perspectives on the recent plunge. How do these analysts on Twitter foresee the future? Are they bearish or bullish?

PlanB

• Twitter followers: 74,000, focused on market analysis
• Inventor of the Bitcoin price prediction model "Stock-to-Flow"

Despite a significant drop in Bitcoin price in the past day, renowned analyst PlanB still indicates on Twitter that Bitcoin's trend aligns with the Stock-to-Flow (S2F) price model.

According to PlanB's price model, Bitcoin is expected to experience exponential growth after the block reward halving, with the price reaching around $100,000.

#btc at $5800 .. model (co-integration) still fine pic.twitter.com/HNR3NehBAj

— PlanB (@100trillionUSD) March 12, 2020

Tone Vays

• Twitter followers: 197,000, cryptocurrency market analysis
• Former Wall Street analyst, ex-Vice President at J.P. Morgan

Tone Vays' Blog predicts Bitcoin's trend for 2020 closely matches the recent drop, suggesting that the annual low may reach around $5,000. In his latest tweet, he mentioned:

I am very willing to buy Bitcoin at a price below $4,000, and I have set limit orders at $4,550 and $3,550, with my "ALL IN" price range between $2,750 - $2,950. Many are waiting for Bitcoin to drop below $2,000, but I don't see any signs of it going that low.

Tone Vays points out that it's hard to say if Bitcoin has hit bottom, but the rebound from $3,850 shows potential, which is typical of how markets operate at a low point. This kind of drop usually falls below the previous low, but we are still above $3,150 (2018 low).

It's hard to say if #Bitcoin bottomed, but the way we bounced off $3,850 is very promising. This is how markets bottom but NOTHING about this $BTC 2yr Bear Market has been standard.
Ex: These capitulations 'usually' drive price to NEW lows but we stayed above $3,150. pic.twitter.com/zD3FT1reeD

— Tone Vays (@ToneVays) March 13, 2020

Joe007 {I identify as Deep Blue whale}

• Twitter followers: 23,000, mysterious cryptocurrency trader
• Top earner on Bitfinex

Mysterious trader Joe007 is known for his bearish stance on Bitcoin and remarkable profit-making ability. He openly mocked the upcoming block reward halving on Twitter and criticized PlanB's Stock-to-Flow price model:

When the price rises but there is absolutely no buying interest, and just as the lovely fairy tale of "halving" reaches your ears, it's not an intentional attempt to create "FOMO," nor is it to slaughter retail investors, of course not. The upward trend is very healthy, and the S2F is a highly calculated price model!

Didn't you know? It's only manipulation when the price goes down! When the price is pushed up on zero volume while "magic halvening" fairy tales are fed to you, it's not an attempt to ignite FOMO and trap retail traders! No no no! It's organic growth and S2F is highly scientific! https://t.co/41rJ5Oe2JB pic.twitter.com/Na4JtkQ2gb

— Joe007 alerts·groups·funds? Scam! (@J0E007) March 12, 2020

Jacob Canfield

• Twitter followers: 64,000, technical analysis on cryptocurrency, stocks, and other markets
• Analyst featured on CNBC, Forbes

Jacob Canfield mentioned the importance of the 200-week Moving Average (MA) in his tweet regarding Bitcoin's weekly level, claiming that the 200MA provides crucial support for Bitcoin in a downtrend.

As he said, the current Bitcoin price has bounced back above the 200MA, currently around $5,570.

Related Reading

• "March 12" - Crypto Doomsday, Records Set (ongoing updates)
• Quantitative Easing: Turning Point? BitMEX: Central Bank Rate Cuts to Drive Bitcoin to $20,000 by Year End

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