Leading crypto Bitcoin and altcoins had a strong run last week. This was interpreted by some analysts as the end of the bear market and the beginning of the bull market. However, the analyst nicknamed Crypto Capo, who has a reputation for accurately predicting Bitcoin crashes, has returned and reiterated his previous claim. According to the analyst, the market continues to decline.
Bitcoin seer: The bear trend has not changed!
cryptocoin.comAs you follow, Bitcoin has been in a bearish trend since mid-2021, causing concern among investors and analysts alike. However, it seems that the cryptocurrency has finally crossed the $20,000 mark and is inhabiting the $27,000 level. While this news has created excitement among investors, there are still conflicting views on the direction of the market.
The analyst, nicknamed Crypto Capo, who correctly predicted Bitcoin’s sharp declines in the past and continued the bearish trend in the market, is back. By the way, let’s remind you that Capo has not been active on Twitter for more than a month. Check out this article for the analyst’s accurate predictions. According to Capo, despite the recent rise in Bitcoin’s price, altcoins have not done the same and are still holding on to major resistance levels. His analysis shows that the recent rally in Bitcoin could be due to high price manipulation, especially with BUSD and USDC. The analyst continues the bearish trend and states that new bottoms are still likely to occur, completely outside the market.
Capo stands out as a pessimist
However, Capo’s analysis is not shared by everyone. Because many investors are optimistic that the recent increase in Bitcoin’s price could signal the beginning of a bull trend. However, accurate analysis by Capo in the past shows that his point of view should not be ignored.
The current state of the cryptocurrency market remains uncertain, with conflicting views on the direction it will take in the coming months. While some analysts are optimistic about Bitcoin’s recent price rise, others like Capo remain cautious, warning of the potential for price manipulation and new lows. Despite this uncertainty, the popularity and adoption of cryptocurrencies continues to grow as many individuals and companies invest in digital assets. As more people enter the market, it will be interesting to see how the price of Bitcoin and other cryptocurrencies will evolve in the coming months.
As a result, while the recent surge in Bitcoin’s price has created excitement among investors, the market remains uncertain with conflicting views on its direction. Only time will tell if the recent rise in Bitcoin’s prices is sustainable or whether Capo’s prediction of new lows will come true.
Capo’s journey from Twitter!
Earlier, on February 17, the analyst came forward with a lengthy message reminding his greedy rivals that ‘respect is everything’. He also noted that although the market is seemingly on the rise, people are very angry about it because they are ‘fear of losing’. While occasionally appearing on Twitter, the analyst reiterated that it was not the right time to invest and not buy. He even informed his followers that he had moved away from the public sphere just to avoid being affected by “Twitter negativity”. On January 9, Capo tweeted that there was no ‘confirmation of ascent’ and said:
However, there is no single bullish confirmation yet. You just have to look. It’s there, right before your eyes. A bearish trend remains intact. Bitcoin and most of the market are testing broken supports as resistance. We’ve seen this many times.
Interestingly, the community’s comments on his tweets are a testament to their trust and love for him. There are followers who fully support him, and some strongly want him to come back.
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