A popular crypto trader is warning the price of Bitcoin (BTC) may fall further if a key support level crumbles.
Pseudonymous trader Crypto Capo tells his 375,600 Twitter followers Bitcoin could fall below $20,000 and spark massive panic.
“If BTC breaks the $20,000 level, panic could be massive. Many people have stop losses below this level. Many others think it can’t break the 2017 all-time high because it hasn’t happened before… It could easily reach $16,000 – $18,000 if $20,000 breaks.”
Bitcoin is trading for $21,169 at time of writing.
According to Capo, Bitcoin hasn’t bottomed out yet despite falling to a low of $20,111, a level last reached in December of 2020.
“Seeing some bottoms calls here. Honestly, this is one of the clearest fake