- Ash Crypto’s October 1 X post predicted a crash disguised as a rally; he put his target levels for BTC at ~$106k, and ETH at ~$3,800, which largely materialized.
- He argued the early rise was a trap to lure overconfident bulls, who would get liquidated when momentum reversed.
- He now expects Q4 rallies with Bitcoin possibly hitting $150k–$180k and Ethereum surging into $8,000–$12,000, with a full alt season following.
In early October, popular market commentator Ash Crypto warned on X that the crypto market was setting up for a “pump-then-dump” move to trap bullish traders. Back then, he suggested that the early October rally, which he called as “PUMPtober,” was a mere façade. Adding that real soon there would be a ‘nasty drop’.
Ash Crypto predicted that Bitcoin would retreat toward ~$106,000 and Ethereum toward $3,800 (or lower) in this correction phase. He placed the likely bottom timing around mid-October. He went on to add that the dump would run its course into ~October 15–20 before initiating a rebound.
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The rationale behind the crash
He said that the rally was superficially strong but lacked sustainable institutional conviction. He believed many bulls would be shaken out via forced liquidations once momentum reversed. He also wrote that sentiment would shift once traders lost hope in PUMPtober, triggering a reversal when short positions piled up.
Others who saw the crash coming
Ash Crypto wasn’t the only one who predicted the crash. Peter Schiff, known for being bearish on crypto, issued warnings just before and after the Oct. 10 crash that Bitcoin and Ethereum could fall sharply. He pointed out that ETH in particular looked fragile. He suggested that if Ethereum dropped below a key support level (~$3,350), it had the potential to sink to around $1,500. Bitcoin, too, he thought, could fall, possibly toward $75,000 if weakness spread.
The pseudonymous “Capo of Crypto” also issued warnings that preceded or coincided with the Oct. 10 crash. He described the market slide as potentially a “pre-Black Swan event,” arguing that altcoins had already suffered “historic capitulation,” but major tokens still had more downside before full washout.
According to Capo, although Bitcoin was still above $100,000 at the time, it wasn’t out of danger; a more complete correction could push it materially lower. He suggested that what happened might only be the start of a deeper correction unless the market found strong support.
Ash Crypto’s forward outlook
Having seen the crash play out largely as predicted, Ash Crypto now projects a strong Q4 rebound. He expects Bitcoin could rally toward $150,000–$180,000 by year-end and Ethereum to reach $8,000–$12,000 during the same period. Beyond that, he anticipates a robust altcoin season where many tokens could see multiplicative gains, predicting alts will see 10x-50x gains in just 3-4 months.
Moreover, he is also being cautiously optimistic. Since markets can be unpredictable, he is being transparent about not going 100% all-in. He says he is 85% invested, so he benefits if prices go up. And is keeping 15% in cash, ready to buy the dip if prices fall. He advises people to stay prepared for both outcomes, either up or down, because like that, you can win either way, he claimed.
