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Crypto Analyst e re Bitcoin Capitulation imminent, Updates Outlook on Ethereum, Solana le One More Altcoin
A closely tracked crypto strategist who continues to build a following with his bearish calls says it is almost time for leading digital asset Bitcoin (BTC) to ignite another huge sell-off event.
Pseudonymous trader Capo e re his 323,500 Twitter followers that demand for Bitcoin at $28,000 is nearly exhausted as BTC bears continue to stack massive sell orders above $29,000.
“That’s 5,000 BTC there. Demand is gone. When $28,000 is tested again, we could see bulls capitulation.”
Source: Capo / TwitterCapo also highlights that Bitcoin has now tested support around $28,000 seven times in a little over two weeks, suggesting that the key level is poised to collapse.
“BTC. It’s time.”
Source: Capo / TwitterCapo previously e boletse esale pele hore Bitcoin will likely bottom out between $23,000 and $21,000.
Ka nako ea ho ngola, Bitcoin e fetola matsoho ka $28,988.
Looking at top altcoin Ethereum, Capo warns that should ETH take out support at $1,700, it can plummet to as low as $1,000.
“ETH.”
Source: Capo / TwitterKa nako ea ho ngola, ETH litšenyehelo 1,779 Dolara US.
Next up is fellow smart contract platform Solana, which Capo says is at risk of losing half of its value if it takes out support at $40.
“SOL. $20-$25 key support.”
Source: Capo / TwitterSolana litšenyehelo 42.08 Dolara US.
Capo is also keeping a close eye on THORChain (RUNE), a decentralized exchange protocol. According to the crypto strategist, RUNE has broken below its diagonal support and is now en route to his target at $1.79, which is nearly 30% below its current price of $2.50.
“RUNE.”
Source: Capo / Twitter Sheba theko ActionU se ke Ua Lahleheloa ke Beat - Subscribe ho fumana litlhokomeliso tsa imeile tsa crypto tse tlisoang ka kotloloho ho inbox ea hau
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