The widely-accepted crypto analyst who predicted Bitcoin (Bitcoin) May 2022 crash will be Binance Coin (BNB) is on the verge of collapse.
Pseudonymous crypto trader Capo To tell His 697,100 Twitter followers say BNB, the native token of the giant cryptocurrency exchange, is likely to plunge more than 80%.
“BNB short, add the last part to the average entry and you get $265. The main target remains $40-45. This is a very low leverage swing trade and is not financial advice.”
Looking at Capo’s chart, he predicts that BNB will first plunge to $125-$135 price levels, followed by a crash to $40-$45 price levels heading into June.
At the time of writing, BNB is trading at $258.
the capo too Continue Bitcoin is expected to trade sideways in the mid-to-high range of $16,000, down more than 28% from its current value to a low of $12,000 this year.
“$16,600, $16,800, $16,600, $16,800, $16,600, $16,800…and unexpectedly…$12,000.”
Look at the capo chart, he Predict Bitcoin will drop to $12,000 and altcoins will drop by 50% to 60% by spring. According to his chart, if Bitcoin bottoms out, it could rise above $20,000 heading into May.
“A chart is worth a thousand words.”
He also To tell Bitcoin’s short-term rally acts as a bullish trap, similar to 2022 price action.
“For everyone to be bullish again, we need a small pump into the resistance. We’ve been in this same bull trap for the whole of 2022, but people haven’t learned. is expensive.”
Bitcoin is trading at $16,856 at the time of writing.
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