since a long time Bitcoin (BTC) Crypto analyst Capo, who expected a major collapse under $ 30,000 and made a name for himself with his consistent predictions, shared his new BTC forecast.
According to Capo, who has close to 300,000 followers on Twitter. Bitcoin’s free fall isn’t over yet.
While the analyst attributes the main reason for BTC’s current collapse to large whale transfers to crypto exchanges EthereumHe also underlined that the .
Bitcoin Will Fall Even More! Beware of These Levels!
The analyst, who further lowered the Bitcoin target so far, pointed to the region between $21,000 and $23,000.
Many people asking for my $BTC main target. It’s still the same: $21k-23k
Not ruling out a wick below 20k if there’s a capitulation candle with a lot of liquidations, but 21k-23k should hold on a high timeframe candle close. https://t.co/yI479mZ9MX
— il Capo Of Crypto (@CryptoCapo_) May 12, 2022
Reminding investors how Bitcoin went to the bottom after falling to 6,000 in late 2018, Capo stated that the leading crypto will face the same fate before it recovers.
Sometimes You Have To See The Bottom To Get It Back On!
“If you remember 2018, you know what happened when it broke the $6,000 support.” The famous name said, tweeting that it is only a matter of time to go below $25,000:
gap formed. Sub $25k is more likely now. pic.twitter.com/Y4tJDVBEHF
— il Capo Of Crypto (@CryptoCapo_) May 12, 2022