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Mohlahlobisisi ea Bitselitseng ho Qetela ha Crypto Collapse O lemosa ka Bull Trap, Issues Alert on Bitcoin, Ethereum le BNB
A closely followed trader who called the 2022 crypto collapse is warning of a bull trap after the latest consumer price index (CPI) data came in better than expected.
Mohoebi oa crypto ea sa tsejoeng ea tsejoang ka lebitso la Capo e re his 685,200 Twitter followers that while Bitcoin (BTC) is rallying on the CPI data, the king crypto is meeting significant resistance around $17,800.
Despite beating expectations, Capo says the CPI numbers are still relatively high, and that Bitcoin likely won’t be able to break the $18,000 price level.
November’s CPI kena at a 7.1% increase in prices over last year and a 0.1% increase over the prior month, versus an expected 7.3% increase over the year and a 0.3% from the prior month.
“CPI better than expected, but still very high. Price is testing a massive resistance zone here and forming a lower high. I’m still 100% out of the market.”
Capo says Bitcoin is likely to drop down to $12,000 heading into 2023. At time of writing, Bitcoin e fetola matsoho ho $17,729.
Mohloli: CryptoCapo/TwitterKapo hape sethala lower price targets for Ethereum (ETH) le li-altcoins.
“Trend is still bearish. Indicators are pointing to full capitulation event. Bad news should come soon. ETH $600-$650. Altcoins 50%-70% potential drop (s**tcoins even more). Stay safe, things could get very ugly.”
Nakong ea ho ngola, Ethereum e fetola matsoho ho $ 1,315.
Kapo hape boima ho tsoela pele Binance Chelete (BNB), the native token of Binance, the world’s largest digital asset exchange, which has declined in value in recent days. Capo says BNB could drop by more than 85%, setting a price target range between $40-$45.
At time of writing, BNB is changing hands at $273, down more than 6% from its weekly high of $291.
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Potso Mohlahlobisisi ea Bitselitseng ho Qetela ha Crypto Collapse O lemosa ka Bull Trap, Issues Alert on Bitcoin, Ethereum le BNB e hlahile pele ho Daily Hodl.
Mohloli oa pele: Daily Hodl