The Bitcoin (BTC) analyst who predicted crypto’s most up-to-date market crash is reemphasizing an previous warning of latest lows to return.
On August 2, pseudonymous dealer Capo warned his 475,000 Twitter followers that BTC would bounce to the $25,000 space earlier than crashing to new lows.
“$25,000-$25,500, then new lows.”
With BTC reaching as excessive as $24,750 within the final 24 hours, Capo believes BTC’s new lows are nearer than ever.
“Nearly there.”
Extra particularly, the dealer thinks BTC is about to crash all the way down to the $16,000 area, slashing Bitcoin by a few third from present costs.
“BTC
Quantity is dying. Channels usually are not impulses however corrections.
Most individuals anticipating $28,000 or increased, however the huge stage is $25,000-$25,500.”
The dealer then additional elaborated within the feedback.
“‘Inflation down, bull market is again, merge, mainnets…’ [Crypto trading] is wonderland, the place there’s no threat.
Let me inform you: it is a bear market rally. Don’t be blind. For those who made some earnings, congratulations. However now’s the time to start out defending them once more.
Final leg up, then [hammer].”
The dealer updated his Twitter followers once more this Friday morning, warning {that a} reckoning is true across the nook.
“One final excessive to rekt early shorts.”
Once more, the dealer attracts out his point within the feedback.
“Fast leg as much as $25,000-$25,500, destroying early shorts and trapping extra longs that anticipate $28,000 or increased. Then reversal to new lows.”
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