Analyst known for accurately predicting this year’s crash capo published their new analysis. Analyzes of November Bitcoin (BTC) and Ethereum (ETH) It shows the possibility that it will not end well for him.
The analyst and trader nicknamed “Crypto Capo” has created a new Twitter account. sharing made. Analysts point to a bearish of several market conditions for Bitcoin (BTC), Ethereum (ETH) and altcoins. We would like to note that these estimates are especially limited to November.
Analyst stating that the US dollar index (DXY) is on the rise and the S&P 500 (SPX) is meeting resistance. He noted that both are key signals of a crypto bear market. He also claimed that altcoins have been experiencing artificial price spikes lately.
“DXY is rising. The SPX is at key resistance and is showing bearish signs. BTC and Ethereum formed a hill. Most altcoins showed false gains. Protect your profit. There may be new decreases in November.”
Looking at Bitcoin, he predicted a return to the $20,000 support and resistance price level before dropping to $14,000 this month. He also underlined that the drop could come after Bitcoin hit a high of $21,000 this month. At the time of writing, Bitcoin was trading at $20,425.
Koinfinans.com As we reported, Capo then predicted that Ethereum would drop from around $1,600 to the $700 to $800 price range. At the time of writing, Ethereum was trading at $1,577.
Looking at Capo’s Shitcoin Index Perpetual Futures chart, he estimates that the index catch could drop from the current index price of $2,344 to about $2,150.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.