Analyst Who Nailed May 2022 Bitcoin Crash Forecasts 50% Drop for Two Large Cap Crypto Assets

The widely-accepted crypto analyst who predicted a May 2022 Bitcoin (BTC) crash says two of the top 10 digital assets could soon face a price plunge. .

Pseudonymous crypto trader Capo To tell His 677,000 Twitter followers expect the leading smart contract platform Ethereum (ETH) to fix between $600 and $650.

Source: Capo/Twitter

The second-largest crypto asset by market capitalization is trading at $1,218 at the time of writing, up 2.64% over the past 24 hours. Capo’s pullback to its price forecast represents a drop of about 50% for ETH.

Strategist at the time turn His interest in Binance’s native asset, Binance Coin (BNB), is the world’s largest crypto exchange platform by volume. Capo expects the token to plummet into the $125 to he $135 range if BNB breaks below $250 and confirms resistance.

Source: Capo/Twitter

The current value of BNB is $308. A price drop to traders’ bearish price targets marks a near 60% correction in crypto assets.

Capo is bearish on Ethereum and BNB, but prominent market research firm Santiment To tell Crypto markets, including ETH, may rise as traders show signs of capitulation. The Insight firm has stressed that traders are currently bearish on cryptocurrencies, noting that it could create an atmosphere in which the market could bounce back.

“The word ‘dead’ spread rapidly around cryptocurrency platforms in November. As one of the more bearish sentiment terms, this is a sign that traders are giving up on the market recovery. Ironically, this capitulation has historically been when markets have rebounded. ”

Santimento too appear Whales and sharks activity centered on ETH says well-funded entities have swallowed the largest altcoins at the highest rate in two years.

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