Trader Who Called Current Market Collapse Makes Bitcoin (BTC) Bottom Prediction – Here’s His Price Target

Trader Who Called Current Market Collapse Makes Bitcoin (BTC) Bottom Prediction – Here’s His Price Target


The widely followed trader and analyst who accurately called the current crypto market downturn says the pain is nearly over and has a particular price target for Bitcoin in mind.

Pseudonymous trader Capo tells his 400,000 Twitter followers that the flagship crypto asset is in the process of forming a bottom about 17% down from current prices.

“BTC low time frame.

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Local bottom formation between $16k-17k.”

Source: Capo/Twitter

According to Capo’s chart, he sees BTC dipping down somewhere near his target over the next couple of days before springing up into an accumulation phase.

The popular analyst says that the current market structure looks reminiscent of the bear market of 2018, with the $30,000 level playing the same role that the $6,000 played when it

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