While Bitcoin Exceeds $45,000, Big Bear il Capo Announces His New Predictions! Will the Rise in BTC and Altcoins Continue?

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 on Telegram.

BTCAs the spot surpassed $45,000 amid growing expectation for the Bitcoin ETF to be approved soon, il Capo remained bearish and again shared a bearish forecast.

The analyst expects Bitcoin to make a new peak at these levels and expects BTC to first fall below $44,000-44,500.

Stating that Bitcoin could go up to $47,000 before the decline, il Capo said:

“I expect a local top formation around these levels. However, I do not exclude the possibility that the Bitcoin price will drop a needle to $ 47,000.

Even if BTC reaches $47,000, my opinion is the same: There will be a decline in Bitcoin.

Now the first bearish confirmation will come as BTC price moves back below the 44,000-44,500 range.

While BTC forms the local top, money continues to flow into altcoins and Shitcoins.
At this point Ethereum still hasn’t reached $2500. This means that ETH and some other altcoins may experience recent increases.

However, once BTC approaches $40,000, which is a strong bearish confirmation. This means that the entire market has reached a local peak and a sharp decline will occur.”

Bitcoin at $45,830 at the time of writing. Ethereum It continues to be traded at $ 2,420.

*This is not investment advice.