Top Analyst Who Predicted 2022 Crypto Price Action Predicts BTC’s Path
A cryptocurrency expert who predicted the 2022 crypto market meltdown months in advance now predicts a flash fall in the price of Bitcoin (BTC) and a continuous altcoin pump.
The 565,900 Twitter followers of the fictitious cryptocurrency trader Capo are shown the new strategy for the dominant cryptocurrency BTC.
By analysing the BTC plan chart in further depth, Capo believes that the top cryptocurrency by market cap will consolidate around $21,500. He anticipates that if BTC rises beyond $21,500, it would stabilise around $23,000 before rising to levels between $24,000 and $25,000. But Capo considers a decline below $21,500 in BTC to be a negative confirmation.
If the pessimistic hypothesis is correct, Capo predicts that by year’s end, the biggest cryptocurrency by market cap would have fallen to $13,725. Such a fall would imply a 33% drop from the price of BTC as of right now, which is $20,533.
Regarding Bitcoin’s modest increase over the last twelve hours, Capo doesn’t anticipate the leading cryptocurrency to rise much higher than its present levels in the near future.
“This move looks like preliminary supply. Still expecting low-time frame distribution to be formed between $20,500-$21,200.”
Finally, Capo focuses on an often ignored area of altcoins after seeing a recent and impending surge in one large subcategory of crypto tokens.
