Hi. I'm Paul, a Professional Astrologer from the UK, and in this post I'm going to explain why Bitcoin has suddenly started to slide very rapidly in value.
Now as I wrote in a previous post about Facebook, all horoscopes for any person, company or a currency such as Bitcoin require the Astrologer to have a start date. With Bitcoin we have that - the Genesis Block (the first Bitcoin block - Block 0) timed exactly for 18.15.05 hrs in London on 3rd January 2009. From this information I can cast a chart on the currency, and try and explain what is happening in the past, present and in the future...
The Astrology chart for the birth of Bitcoin has the Sun at 13 .30 degrees Capricorn, and the Ascendant for this chart is at 8.51 degrees Leo. This is important as the sign Leo is ruled by the Sun, so they are tired together on this chart as one.
Now in Astrology the planet of expansion is Jupiter and the planet of restriction is Saturn. Jupiter makes things grow and expand quickly, and Saturn in general causes loss and disappointment, and it indicates where mistakes have been made, allowing you to rectify a situation. This often means starting again to rebuild after Saturn exposed the weaknesses in any structure. Saturn is also a voice of authority, rules and regulations, and these two influences have been instrumental in the rise and fall of Bitcoin.
To start with, let's look at Jupiter. It entered the sign of Scorpio in mid October 2017. Scorpio on the bitcoin chart rules the 5th house of speculation and risk taking, and the run on Bitcoin began soon after, seeing the currency rise rapidly to a peak of 1 Bitcoin to $20,000 on 16th December. This rise would have continued unabated in 2018 has it not been for Saturn moving into the sign of Capricorn on the 20th December, the sign ruling Bitcoins's Sun. Saturn moved on to connect with Pluto, the ruler of Scorpio on and around 6th January 2018 and this is when the real crash began. It is absolutely significant that the huge drop in Bitcoin's value began at this time as traders got spooked, the bubble burst and governments started to impose restrictions on it.
Saturn has moved on since that point and is now sitting at 5 degrees Capricorn on the Bitcoin natal Mars, the ruler of the Midheaven of the chart and the public face of the currency. When Saturn the planet of restrictions hits Mars the planet of action and forward motion, everything comes to a standstill and Saturn brings things down to earth with a sharp bump. Saturn during 2018 will be moving between 1 and 10 degrees Capricorn in my view keeping the value of Bitcoin held down from now on until lessons have been learned and a true value is found. Look for another drop in the currency in the second half of June and the first half of July as Saturn hits Mars for a second time, and again in the first 2 weeks of November 2018 as Saturn once again gets to 5 degrees Capricorn.
The big crunch comes in 2019 in January 2019 when Saturn hits the Bitcoin Sun at 12 degrees Capricorn, also the chart ruler. That time could be make or break for this currency, and I expect it to fall through the floor at this time. Jupiter is continuing in Scorpio until November 2018, so while Saturn is off Mars there could be a bit of a rally, but don't expect Bitcoin to approach the heights of mid December 2017 - that won't happen while Saturn is in the sign of Capricorn, and he is going to be there until 2020. By that time, a new form of Cryptocurrency may be the premiere one?
There in one other thing that will affect the price of Bitcoin in 2018. At the end of last month, the Leo Ascendant at 8 degrees was eclipsed by a Lunar eclipse at 11 Leo on 31st January. There will be yet another Lunar Eclipse opposing the Bitcoin Ascendant at 4 degrees Aquarius on 27th July, in my view depressing the outlook for another 6 months after this date right until Saturn catches up with the natal Sun. Sorry for the bad new guys, but don't shoot me, I'm only the messenger.
In short, if you didn't get your profits in while the boom was on, either cash out when one of those slight rallies come, or if you are staying in, you'd better hold your nerve and be prepared to play for the long haul....