An analyst known to nail at the end of the cryptocycle 2021 believes that Bitcoins drop below $ 80,000 is designed to attract BTC carries on thinking that the bull market is over.
Pseudonym Analyst Capo tells His 942,200 followers on the social media platform X that he believes that Bitcoin is now a process to carve a middle bike base after a significant correction from its highest period of about $ 110,000.
According to the trader, the BTC’s plum is a 2025 low of $ 76,000 a bear trap or a false degradation that would lead to a sharply haus -like reversal with altcoins leading the charge.
“Bear Trap went lower than expected, but the local bottom should be in or very close.
A strong relief is probably in the next few days, with altcoins expected to surpass Bitcoin. “
On Instant Messaging Platform Telegram, Capo says That he is starting to see signs of strength for bitcoin and altcoins in lower time frames.
“Preferably BTC must recover $ 84,000 and ETH $ 2,000 for Hausse continued …
Most Altcoins meet great support after a strong correction.
Many people sell on these levels. Others are waiting for lower prices.
Funding is very negative, which confirms the baisse -like feeling.
There is a lot of liquidity to the upside. “
At the time of writing, Bitcoin is traded for $ 82 765 and Ethereum (Ethics) is worth $ 1,926.
In order to support his raised attitude on Altcoins, Capo says he looks closely at the Total2 diagram, an ALT index that tracks the market for all crypto assets excluding bitcoin and stablecoins.
The trader shares a chart to indicate that Total2 has successfully tested a decisive support area at $ 971 billion.
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