One of the things that cryptocurrency enthusiasts fear most is a pullback reminiscent of a bear market for Bitcoin. Analysts, especially Crypto Capo, were saying that there would be a pullback for BTC. Accordingly, analysts who made a price prediction were predicting $ 12,000 for BTC. However, this did not happen. Now an analyst is saying important things to his followers about Bitcoin. Let’s look at the details.
Bitcoin will not reach this level anymore
An analyst named Mags on X made important statements that excited Bitcoin enthusiasts. According to the analyst, it is no longer possible for BTC to experience a painful decline. According to the analyst, Bitcoin will never fall to 12 thousand dollars. This situation emphasizes that the analyst actually emphasizes that Crypto Capo’s claims will not come true. Capo had already stated that his claim was invalid and that he had now given up.
What the analyst said is not limited to just this. The analyst draws attention to the recent rise for Bitcoin. Accordingly, it indicates a vertical accumulation. According to the analyst, the slow rise in the cryptocurrency resembles a vertical accumulation before the price goes parabolic. This is also a sign that people are currently preparing for the bull market.
A special call to investors in the market
The analyst is making a call to Bitcoin investors in the market. This call in particular is a call to those who are in disbelief. Accordingly, the analyst also includes the reasons for this disbelief. According to the analyst, these people are expecting a black swan event. However, the analyst points out that this event has already happened. Accordingly, he explains this phenomenon with two examples.
According to the analyst, the first black swan was the collapse during Covid-19. Afterwards, Bitcoin started to increase and rose to 69 thousand dollars during the bull season. This was something that happened in the previous cycle. In this cycle, analysts see the black swan as the FTX collapse. Accordingly, after this collapse, BTC has already seen the lowest levels.
Expectations for the future
After all this, the analyst draws particular attention to one point. Bitcoin is slowly rising according to analysts. cryptokoin.com When we look at it in detail, this increase occurs after a while. And that was after the collapse of FTX.
At this point, the analyst also points out how exciting the rise is for Bitcoin. He states that BTC, which dropped to $15,000 after the FTX crash, has increased by 130% since that point. At a point where such an increase has occurred, the analyst no longer expects a return as there is a bull season ahead of us.
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