Crypto Analyst Capo Updates Key Levels For Bitcoin And Fantom

A pseudonymous crypto market analyst and trader, known as Capo, updates his bearish target levels for Bitcoin (BTC) and Fantom (FTM).

Bitcoin (BTC)

Capo shared with his 247.9K followers on Twitter that Bitcoin’s market structure remains bearish, regardless asset of it briefly visiting above the $40K level.

“BTC. Despite this bounce above $40K, price is still ranging between $33K and $45K. Bearish structure intact.

Main resistance: $45K – $46K

Main target: $21K – $23K”

$BTC

Despite this bounce above 40k, price is still ranging between 33k and 45k. Bearish structure intact.

Main resistance: 45k-46k
Main target: 21k-23k pic.twitter.com/mRGeiPncMj

— il Capo Of Crypto (@CryptoCapo_) March 9, 2022

At the time of writing BTC is trading at $38,940, moving sideways on the daily frame.

Fantom (FTM)

The analyst then looks into Fantom, a smart contract platform providing decentralized finance (DeFi) services to developers. Capo’s outlook for the coming months is bearish for FTM assuming it continues to trade under $2.

“FTM update. Targets revised.

First target: $0.60 (expecting bounce from there).

Second target: $0.20 (only if it can’t reclaim the $2 level).”

$FTM update. Targets revised.

First target: $0.60 (expecting bounce from there)

Second target: $0.20 (only if it can't reclaim the $2 level) pic.twitter.com/a1BLdn6brJ

— il Capo Of Crypto (@CryptoCapo_) March 10, 2022