in 2022 Bitcoin And cryptocurrency New statements came from the analyst using the nickname Capo, who made a name for himself with his accurate predictions about the market.
Known for his bearish views and frequently criticized by investors for his bearish comments il Capo of Cryptoevaluated Bitcoin and altocins.
Bitcoin’s range between 48,000-50,000 dollars, EthereumStating that ‘ has reached the range of 2,500-2,600 dollars, il Capo said: BTC He said there could be one last pump until it reaches $50,000.
The analyst stated that altcoins will rise even more after this pump. altcoins He argued that BTC would go horizontal while rising.
Stating that the entire market will reverse and decline a few days after all these pumps and rises, il capo continued his words as follows:
“BTC 48k-50k; ETH reached $2500-2600.
A final pump up to 50k in BTC is possible.
After BTC reaches $50,000, BTC should move sideways as altcoins pump further (money flows from Bitcoin to altcoins).
A few days after this rise and pump, the entire market should reverse and begin to decline.”
Additionally, the analyst stated that Bitcoin received a strong rejection from the $48,000-50,000 resistance area, and said that this is an indication that large investors are selling between $48,000-50,000.
However, il Capo argued that the whales did not meet all their demands, so before the big decline BTCHe said it could reach $50,000.
Update.$BTC reached 48k-50k and $ETH 2500-2600.
A last pump to 50k is possible. Then $BTC should go sideways while altcoins pump more (money flowing to low caps). After a few days, the entire market should reverse and dump. https://t.co/3EF1NPS7uI pic.twitter.com/H5s4m0VI40
— il Capo Of Crypto (@CryptoCapo_) January 12, 2024
*This is not investment advice.
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