Analyst Who Correctly Knows BTC’s Drop Below 23,000 Updates His Forecast

For a long time, Bitcoin has predicted that it will fall below $ 23,000 and BTC forecast The popular crypto trader holding BTC forecast an update on made.

The analyst, known in the market as Capo, is confident that BTC will drop to $21,000, the bottom of the target range he set at some point.

“Important: Now that the market is moving more aggressively, emotions are starting to emerge more prominently.

Then:

– Stick to your main goals even if you see a wick below. They should hold on at the high time frame closure.
– Don’t let panic affect your decisions. Avoid reading the news.

BTC to $21,000.”

Over the weekend, Capo warned that Bitcoin’s short rally from $27,500 to $28,228 would trap investors caught in the over-bullish narrative in BTC. btc forecast

Capo also stated that he is studying the altcoin market and predicts that altcoins will continue to experience a higher percentage collapse than BTC.

The analyst, who routinely updates altcoin targets amid the market crash that started today, appears to be approaching his overall bearish range. Capo states that altcoins could drop by as much as 35 percent today.

The king cryptocurrency Bitcoin, which was traded at $ 23,392 with a decrease of 16.8% at the time of writing, fell to $ 22,819 in the last 24 hours.

Meanwhile, Ethereum rallied after hitting a 24-hour low of $1,182 and is trading at $1258, down 17.69 percent.

You can check the price movements 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.


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