The cryptostrategist warns that another collapse of bitcoin is inevitable
The crypto strategist with the nickname Capo, who predicted the fall of BTC below $30,000, believes that the time has come for bitcoin to collapse to new lows in 2022
According to him, the inability of bitcoin to stay above the key psychological level of $ 20,000 means the inevitability of another sale:
"The time has come. Turning the support level into resistance and another bull trap. We are heading for new lows"
The analyst believes that bitcoin will fall below its annual low of $17,600:
"For bitcoin, the updated forecast for the formation of a potential local bottom suggests a level of about $16,000"
According to its chart, Capo expects a short-term correction below $16,000, and then a sharp rise above the $20,000 level, which will again become support. In addition, the rapid correction of bitcoin will cause a collapse in the altcoin market:
"I expect altcoin rates to decrease by 45-50% compared to current levels"
The analyst has been bearish on bitcoin since April, but promises to become a bull after reaching the bottom of BTC:
"I have become a nightmare for bulls, but soon I will become a nightmare for bears"
Subscribe to the channel coin-signal.com in Telegram - always the latest news and market overview
https://coin-signal.com/cryptonews/the-cryptostrategist-warns-that-another-collapse-of-bitcoin-is-inevitable/
#Another, #Bitcoin, #Collapse, #Cryptonews, #Cryptostrategist, #Inevitable, #Warns
#CryptoNews