Bitcoin (BTC) The popular crypto trader, famous for accurately predicting price dips, warns investors that they are in the middle of another bull trap.
The analyst, nicknamed Capo, told 462,400 Twitter followers that Bitcoin bulls are about to get caught in a big trap. told.
“This is one of the biggest bull traps of the year, but you might not see it until it’s too late.”
Capo cites a thread of tweets from April 2022 to support his argument. found. According to Capo, he manages to accurately predict Bitcoin bottoms time and time again, even if it goes against popular opinion.
“The same thing is happening now. Worth reading…
Good luck.”
Koinfinans.com As we reported, Capo in his Twitter thread he cited, noting the bearish calls he’s made over the years, implying that his reasoning supports his current predictions. The analyst goes back to 2018 regarding the Bitcoin prediction.
“Same story over and over.
2018:
I called $3,000-4,000 when the price was $7,500. It ranged from $6,000 to $9,500 for 7 months and then reached the final target.”
The trader claims to have accurately made bearish calls in 2019 and 2020.
“2019-2020:
$7000-7300, $6000-6200 and $4400-4800 as the final target.
The price started meeting these targets and a few months later it also reached the final target, which is again the absolute bottom.”
Ranking the evidence, the pseudonymous trader said that he correctly found the Bitcoin bottom in 2021 as well.
“2020:
I set $30,000 to $35,000 as the bottom of the bull run. Most reviews expected lower ($20,000 or even $10,000) and were mocking. The price shifted between these levels for a few weeks and then continued its bullish run up to $69,000.”
The trader agrees with his followers until the next bottom notification that the markets will always give traders opportunities.
“There were opportunities because the market always gives you opportunities. If you’re catching every bottom, every leap, congratulations. I focus on bigger opportunities, different timeframes and don’t mind the “lost” bounces… I will no longer post here until the bearish scenario is confirmed or invalidated. Good luck.”
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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.