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 a avertizat 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 consideră că BTC’s new lows are closer than ever.
"Aproape acolo."
More specifically, the trader crede 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.”
The trader then further elaborate în comentarii.
“‘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].”
Comerciantul actualizat 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 punct în comentarii.
“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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Source: https://dailyhodl.com/2022/08/12/analyst-warns-ethereum-merge-mania-is-blinding-crypto-traders-says-hammer-set-to-drop-on-unsuspecting-investors/