Twitter phenomenon and crypto analyst “il Capo of Crypto”, who predicted the May collapse, stated that serious decreases may be seen in the crypto markets in the coming period and warned investors to “stay safe”.
named Capo twitter a possible user in a post altcoin crisis warned for. In his post, “The whole market looks bad… Some altcoins look even worse.Anonymous user with the statements ” stay safe he called. Stating that the financial markets are already in a bad mood, Capo mentioned that altcoins may suffer more in a possible decline:
If altcoins drop by 50-55% on average from here, shitcoins could easily drop 60-90%.
Capo, who had warned of a decline before May, stood out with correct predictions. Capo was previously the lowest of the current bear market of Bitcoin bulls. from $15,700 He stated that it may have sparked a rally, but that the bounce was significantly smaller than what was seen during Bitcoin’s upward rallies in June.
The short-term rises in question “dead cat splash”, Capo underlined that the trend is still in the downward direction in his latest analysis and Bitcoin for $12,000 stated that there is a potential for a fall.
Remember: The trend is still bearish. Indicators point to a full capitulation event. Bad news may come soon. My guess is $12,000 for Bitcoin and $600-650 for Ethereum.