Umhlalutyi ulumkisa u-Ethereum Merge Mania umfamekisa abarhwebi be-Crypto, uthi i-Hammer imiselwe ukuwisa abatyali-mali abangabonakaliyo.

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Umhlalutyi ulumkisa u-Ethereum Merge Mania umfamekisa abarhwebi be-Crypto, uthi i-Hammer imiselwe ukuwisa abatyali-mali abangabonakaliyo.

The Bitcoin (BTC) analyst who predicted crypto’s most recent market crash is reemphasizing an old warning of new lows to come.

On August 2, pseudonymous trader Capo lumkisa his 475,000 Twitter followers that BTC would bounce to the $25,000 area before crashing to new lows.

“$25,000-$25,500, then new lows.”

With BTC reaching as high as $24,750 in the last 24 hours, Capo kholelwa BTC’s new lows are closer than ever.

"Sele uza kufika."

Source: CryptoCapo_/Twitter Source: CryptoCapo_/Twitter

More specifically, the trader ucinga BTC is about to crash down to the $16,000 region, slashing Bitcoin by about a third from current prices.

"BTC

Volume is dying. Channels are not impulses but corrections. 

Most people expecting $28,000 or higher, but the big level is $25,000-$25,500.”

Source: CryptoCapo_/Twitter

The trader then further icacisiwe kwizimvo.

“‘Inflation down, bull market is back, merge, mainnets…’ [Crypto trading] is wonderland, where there’s no risk.

Let me tell you: this is a bear market rally. Don’t be blind. If you made some profits, congratulations. But now is the time to start protecting them again.

Last leg up, then [hammer].”

Umrhwebi hlaziywa his Twitter followers again this Friday morning, warning that a reckoning is right around the corner.

“One last high to rekt early shorts.”

Again, the trader draws out his indawo kwizimvo.

“Quick leg up to $25,000-$25,500, destroying early shorts and trapping more longs that expect $28,000 or higher. Then reversal to new lows.”

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Featured Image: Shutterstock/NanamiOu/Tomasz Makowski

Iposi Umhlalutyi ulumkisa u-Ethereum Merge Mania umfamekisa abarhwebi be-Crypto, uthi i-Hammer imiselwe ukuwisa abatyali-mali abangabonakaliyo. wabonakala kuqala IHodl yemihla ngemihla.

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