Crypto Expert Who Called 2022 Market Crash Warns About Bitcoin
A well-known crypto analyst who accurately predicted the market collapse of 2022 is now cautioning that Bitcoin (CRYPTO: BTC) may be nearing a local top.
What Happened: Pseudonymous analyst Capo believes that certain indicators suggest Bitcoin could face a pullback in the near future. The analyst, recognized for their precise market calls, has shared their concerns about Bitcoin’s current trajectory.
In a recent post on Telegram, the crypto expert pointed to factors like overextended bullish sentiment and waning momentum as signs that a correction might be imminent.
Bitcoin has recently experienced a significant recovery, climbing past $37,000 after a prolonged bear market. However, the analyst warns that the asset’s strong rally could be losing steam, leaving it vulnerable to short-term declines. Capo argues that traders should exercise caution and prepare for potential volatility.
“I’m still out of the market for a few weeks now. At this point, it doesn’t matter if Bitcoin reaches $98,000, $99,000, or if it goes above $100,000. The local top could occur at any moment, and …
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