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A closely tracked crypto strategist who accurately predicted Bitcoin fixes under $ 30,000 says it’s time for the BTC to collapse to the fresh lows of 2022.
Pseudonym analyst Capo told 425,900 Twitter followers that top crypto assets with a market capitalization of no more than the $ 20,000 key psychological price range are imminent for another sale event. It says that it is.
“It’s time … this is exactly what happened. Support for another bull trap, the Resistance Flip. Strong rejection and straight to new lows.”
According to Capo, Bitcoin is ready to fall below the annual minimum of about $ 17,600.
“BTC: A more accurate forecast roadmap for potential local bottom formations of around $ 16,000.”
Based on Capo’s chart, he expects Bitcoin to start a surge above $ 20,000 and temporarily fix less than $ 16,000 before regaining price levels as support.
Capo also adds that his expected BTC revision could result in a major devaluation of the altcoin market.
“We expect altcoin to fall 45-50% from current prices.”
Capo, who has been bearish on King Crypto since April when it was trading near $ 50,000, To tell Once the bottom is in, he joins the BTC Bull.
“I had a bull nightmare, but soon a bear nightmare.”
Bitcoin is changing hands at $ 19,170 at the time of writing.
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Featured images: Shutterstock / Swill Klitch / Sensvector
