The pseudonymous crypto analyst who predicted the current Bitcoin (BTC) bear market says digital assets will present excellent trading opportunities in the coming days.
Crypto Capo tells his 406,500 Twitter followers that BTC will likely produce new lows before July, and for the first time in months he’s forecasting an imminent opportunity for traders to enter the market.
“Charts remain bearish and we will probably see new lows these days. Those lows will give good buy opportunities.”
Capo next analyzes the Bitcoin dominance chart (BTC.D) using the Elliot Wave Theory. BTC.D tracks how much of the total crypto market cap belongs to Bitcoin. A bullish BTC.D suggests Bitcoin is rising faster than other crypto assets or altcoins are losing value while the leading crypto by market