bitcoin A trader keeping his bearish forecast throughout the (BTC) 2023 rally is breaking his silence after the crypto king rallied above $30,000.
Analyst alias Capo says that Bitcoin’s recent hit of $30,000 does not indicate that BTC has come out of its long-term bear trend. says.
Capo reiterates his bearish outlook for months. He is more negative than positive about what BTC will do next.
“Congratulations to the bulls who behave respectfully and ask for $30,000. My fall scenario is NOT VOID yet.
After hours and hours of deep analysis and research, I still see many reasons to be bearish. Much more so than in an uptrend. I have already explained some of them here and, as I always do, I would, in good faith, explain the reasons fully. But I lost the motivation to do it.”
Despite the bearish trend in BTC, Capo says there are predictions against other large-volume altcoins, including smart contract protocol Solana (SOL).
“I have repeated many times that I am short on BNB and TRX (now also SOL and AAVE) and I keep adding to short positions. Find a tweet where I said I was short selling BTC. You won’t find it.”
Crypto The trader says that trading is still a game of probabilities, and even though Bitcoin bulls have been stampeding throughout the year, a drop to $12,000 is still likely. adds.
“Everything is based on probabilities. The more accurate your analysis, the more certain this probability will be. When we were around $19,000-20,000, $30,000 had a probability of maybe 10-20%. $12,000 was (and still is) more likely.
As you can see, this probability will never be 100%. Nothing is certain and this is where variance comes into play. However, in the long run, if you’re on the side of the highest probability, you win as long as you know how to deal with the downturns and stick to your plan by controlling emotions.”
As we reported as Koinfinans.com, at the time of writing the news BTC It is trading at $29,965.