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The widely-accepted crypto analyst who spotted the Bitcoin (BTC) collapse this year said the king of crypto: We may be headed for new bear market lows.
pseudonymous analyst capo To tell His 665,000 Twitter followers believe the rally in the cryptocurrency market is meant to trap the bulls.
“What I see:
-tech looks bad ([BTC] Prices are below June lows, indicators are bearish, funding is reset…)
– Same bull trap as usual, but weaker. people who fall for them.
– Comments such as “I’m going to miss the train”. Really?
This is not the end. A final surrender is likely.
Looking at Bitcoin, Capo I believe A reduction to a lower level occurring in the near future.
“Good morning! It’s only a matter of time before BTC hits $12,000-$14,000. Altcoins are much lower (40%-50% decline on average).”
The crypto strategist also shared that chart, which backs up his bearish claim, showing that BTC has turned support at $17,600 into resistance.
“A chart is worth a thousand words.”
Based on Capo’s chart, he predicts that Bitcoin will ignite a sharp recovery after hitting the surrender target between $12,000 and $14,000. At the time of writing, Bitcoin is trading at his $16,654, down 1.41% for the day.
Smart Contract Protocol Cardano (ADA) Shifts Focus to Capo set Ethereum (ETH) price target in the $0.16 to $0.20 range of rivals.
“Ada”
At the time of writing, ADA is trading at $0.324, suggesting Cardano could fall by more than 50%.
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Featured Image: Shutterstock/Jorm S
