Waqar Zaka’s Accurate Bitcoin Crash Prediction Earns Praise from Followers

Renowned social media influencer and cryptocurrency expert Waqar Zaka has once again demonstrated his acumen in the digital currency market. Bitcoin, the leading cryptocurrency, experienced a dramatic drop in market value, plummeting over 18% to $50,000 within 24 hours, aligning precisely with Zaka’s recent warnings.

With a massive following on social media and a community of hundreds of thousands of cryptocurrency enthusiasts across platforms like Meta, Waqar Zaka has been a prominent voice in the crypto world. Since June 15, 2024, during his YouTube live streams where he conducts live leverage trading and makes profits within minutes, Zaka has consistently predicted that Bitcoin would reach levels between $49,888 and $48,825.

Today, Bitcoin hit this predicted range, earning him much appreciation. While global markets are experiencing a downturn, Waqar Zaka continues to keep Pakistanis informed and engaged through his live trading sessions on his YouTube channel, which has garnered significant appeal.

In recent weeks, he consistently predicted an impending decline in Bitcoin’s value, urging his followers to prepare for a significant market correction. As Bitcoin’s price tumbled, Zaka’s foresight was lauded by his fans, who took to social media to express their appreciation.

“I’ve been following Waqar Zaka for a while, and his insights into the crypto market have always been reliable,” said one follower on Twitter. “Thanks to his warning, I was able to make informed decisions and avoid the recent Bitcoin dump.”

The recent price crash in Bitcoin has had notable implications for the market. According to Velo Data, the annualized three-month futures premium on Binance, a leading crypto exchange, has dropped to 3.32%, the lowest since April 2023. This sell-off is part of a broader trend of risk aversion in global markets, influenced by the sharp rise in the anti-risk Japanese yen and fluctuations in the U.S. bond market.