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The crypto analyst, known for predicting the 2022 crypto market crash months ago, is now foreseeing a Bitcoin (BTC) flash crash and an ongoing altcoin rally.
A pseudonymous crypto trader known as a capo show Their 565,900 Twitter followers announced a new plan for King Crypto BTC.
“BTC plan”
Taking a closer look at the BTC plan chart, Capo predicts that the major cryptocurrency by market cap will be pegged at around $21,500. If BTC rises above $21,500, we expect it to hold around $23,000 before reaching highs of $24,000-$25,000. However, once BTC falls below $21,500, Capo look This is a bearish confirmation.
If the bearish hypothesis is confirmed, Capo predicts that the largest cryptocurrency by market capitalization will plummet to $13,725 by the end of the year. Such a crash represents a 33% crash from BTC’s current price of $20,533.
“BTC Detailed Analysis”
For Bitcoin’s slight rise in the last 12 hours, Capo Do not expect Major cryptocurrencies will be much higher than their current levels in the short term.
The move appears to be reserve supply. We still expect a lower timeframe distribution to form between $20,500 and $21,200.
Finally, Capo looks at an often overlooked altcoin niche category. look Current and incoming pumps of one broad crypto token subcategory.
“Shitcoins pumping.”
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Featured Image: Shutterstock/Jorm S
