Trader Who Called 2022 Bitcoin Collapse Details Crypto Outlook As FOMC Meeting Arrives

Trader Who Called 2022 Bitcoin Collapse Details Crypto Outlook As FOMC Meeting Arrives


A veteran trader known for calling the last big Bitcoin (BTC) collapse this year is predicting an imminent relief rally in anticipation of the Federal Open Market Committee (FOMC) meeting Wednesday morning.

The pseudonymous trader known as Capo tells his 525,000 Twitter followers that he’s expecting Bitcoin and the crypto markets to rally leading into the meeting and eventually breaking back down to continue the downtrend.

“Good morning.

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Expecting a scam pump pre FOMC and downtrend continuation afterwards. How high could it go? First target would be 20,300-20,600. If it breaks that level, we could see 22,800-23,000.

Remember that every bounce is a short opportunity.”

Officials at the FOMC are expected to raise interest rates once again, potentially putting more pressure on risk-on assets like

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