Bitcoin price crash after FOMC marked September low. So, is it time to buy BTC now? We examine eight analysts’ predictions for Bitcoin, ETH, SOL and LUNA…
Bitcoin, SOL, LUNA collapse: What happened?
As the FOMC was about to close its day on Wednesday, Bitcoin price dropped as low as $18,125 on Binance. The previous September low was $18,232 this Monday’s low. cryptocoin.com As we have also reported, the FED announced a 75 basis point rate hike at the FOMC meeting earlier today. Initially, the stock market and Bitcoin rally. BTC even hit an intraday high just under $20,000.

However, both SPX and Bitcoin later crashed. Short rebounded with a strong bounce to liquidate positions and eventually dropped back to new daily lows. The S&P 500 fell as low as 3,789. Many market participants predicted that if a rate of 100 basis points were to be announced, Bitcoin would crash on bad news. A common estimate was that 75 basis points were priced in. Therefore, as the expected bad news did not come, analysts thought that BTC could make a small rally.
What were the analysts’ expectations?
Crypto analyst Ted Talks Macro said that the result would be a 75 basis point increase, with the Bitcoin price rising in the short term on the FOMC day, but would be limited to a hawkish price conference later on. That’s what happened for Bitcoin – while Fed chairman Jerome Powell maintains a hawkish and “restrictive” stance for the US economy, the price of Bitcoin has failed to rise above $20,000.

Furthermore, trader Crypto Chase had predicted that the Bitcoin price would “run liquidity in both directions” before moving to its “true direction” as determined by Powell’s speech. Other crypto Twitter analysts pointed out that in the days following the FOMC meeting, real Bitcoin price action took place after the markets had time to react correctly and pick a direction.
75 bps hike = run liquidity in both directions as hike number is being released. ✅$BTC $ETH https://t.co/KTyDcQ6M4O pic.twitter.com/UyxSi9vigq
— Crypto Chase (@Crypto_Chase) September 21, 2022
Current price estimates
Michaël van de Poppe is cautious but optimistic as the crypto markets seem to be pricing in the worst possible outcome. He thinks we are in a good time to buy Bitcoin before 2023. The analyst uses the following statements:
Will Bitcoin go to the moon now? Will he see the apocalypse? After such an event, we cannot say right away, it takes some time. Markets are priced in the worst way. But all I’m saying is – the accumulation period until 2023.
People are literally waiting for;
So, now #Bitcoin moon or doom?
We simply can't tell so fast after such an event; it requires some time.
Markets are pricing in the worst, but all I say is that now until 2023 is the period to accumulate.
— Michaël van de Poppe (@CryptoMichNL) September 21, 2022
Trader Mayne, who has 326k followers, made an accurate Bitcoin price prediction before the FOMC meeting that 75 basis points will be announced, the BTC price will go up and the pump should go out. He was right so far. According to the analyst, if this situation continues, it could break $ 17,600 in the coming days. Mayne used the following statements in her later tweet:
I think people who accumulate BTC between $10-20k and ETH between $500-1000 will look pretty smart in the next cycle.
I talk shit but I still traded this move.
Managed to get some sells on the move up, closed partials already.
Leaving some on incase things get ugly. pic.twitter.com/QhuHfFmzGD
— Mayne (@Tradermayne) September 21, 2022
Bearish Bitcoin predictions gain popularity: LUNA, SOL also lose momentum
BigCheds, which has 285,000 followers, published a Bitcoin price prediction of $12,000 for 2022 in March. It kept repeating this before and after the FOMC. After Bitcoin bottomed out, he made a long-term Bitcoin price prediction of $100,000. The analyst shared his 12,000-dollar argument in his tweet dated March 6, 2022, in the past months:
For fun here is a clip from my March 6th market report for Bitcoin Live students where I first discussed my 12k $BTC thesis https://t.co/WVa8vzt8IY pic.twitter.com/ZjngdmCKnv
— Cheds (Book 3 is coming soon) (@BigCheds) June 13, 2022
MacnBTC, which has 236,000 followers, also shared a $12,000 Bitcoin price target for the bottom of the bear market. Terra suggested that the LUNA would go to zero. He also tweeted a $700 Ethereum price prediction with Solana going to $17. He didn’t comment on Terra Classic (LUNC), which rose earlier this week before the FOMC meeting. The analyst shared his bottom level forecasts as follows:
Crypto Chase, which has 99k followers, shared its pre-FOMC Bitcoin price prediction of $12,000 with a meme as follows:
— Crypto Chase (@Crypto_Chase) September 21, 2022
Altcoin Sherpa, which has 183 thousand followers, says that Bitcoin will see a downward trend in the coming days, inevitably breaking support. He predicts that it will bring liquidity below the $17.5k level. The analyst’s tweet includes the following statements:
BTC: It seems like it’s only a matter of time before this support level is broken. The next two wicks are the next fields. There is too much liquidity below the 17.5k level. Many are looking for 16,000 or less. What are you thinking? Where is the bottom?
$BTC: It seems just like a matter of time before this support level breaks. These next two wicks are the next areas up; there is likely a lot of liquidity below that 17.5k level. Many are calling for 16k or lower, what do you think? Where is the bottom? #Bitcoin pic.twitter.com/N7rK5XeVmX
— Altcoin Sherpa (@AltcoinSherpa) September 21, 2022
Bull and bear scenarios for BTC, SOL, LUNA
Trading Tank has a more optimistic Bitcoin price forecast towards the election season. It predicts a medium-term rally based on the FOMC split between 100 – 125 bps for the remainder of 2022. This daily close could be on the upside as it is almost a recovery of the price level of $18,510, the daily low from September 7.
Not too bad at all. #midtermrally https://t.co/kffGEhO7SL
— Trading Tank (@TheTradingTank) September 21, 2022
However, the macro trend is still bearish. Crypto prices have not yet dropped as much as the stock market – while some interpret this as strength, analysts like TraderKoz think the cryptocurrency has just lagged behind and has yet to catch up with stocks.
When you think Crypto is showing strength compared to equities.. it usually just means Crypto is lagging behind.
Hard for me to be bullish when $SPX looks like this. pic.twitter.com/Ir9KuITLnh
— 🟩 TraderKøz (@TraderKoz) September 21, 2022