Crypto Analyst Says Bitcoin Surrender Is Imminent, Hits Expectations on Ethereum, Solana and One More Altcoin
The closely watched cryptocurrency strategist who continues to build a following with his bearish calls says it is almost time for the Bitcoin (BTC) digital asset to spark another massive sell-off.
Dealer Nickname Capo Tells His 323,500 Twitter followers who have ordered Bitcoin at $28,000 are nearly exhausted as BTC bears continue to pile huge sell orders above $29,000.
“That’s 5,000 bitcoins out there. Demand is gone. When $28,000 is tested again, we can see the bulls capitulate.”
Capo also highlights that Bitcoin has now tested the support around $28,000 seven times in just over two weeks, indicating that the key level is on the verge of a breakout.
“BTC. it is time.”
Capo previously predicted that Bitcoin was likely to reach between $23,000 and $21,000.
At the time of writing, Bitcoin has changed hands at $28,988.
Looking at the top of Ethereum, Capo warns that should ETH find support at $1,700, it could drop as low as $1,000.
At the time of writing, ETH is worth $1,779.
Next up is fellow smart contract platform Solana, which Capo says risks losing half its value if it gets backed at $40.
Sol. $20 – $25 for key support.”
Solana is currently valued at $42.08.
Capo is also keeping a close eye on THORChain (RUNE), a decentralized exchange protocol. According to the crypto strategist, RUNE has broken below the country support and is now on its way to its target of $1.79, which is nearly 30% below its current price of $2.50.
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