Strategist Who Nailed 2022 Bitcoin Downturn Issues Fresh Warning to Crypto Traders
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An analyst who correctly called Bitcoin’s collapse this year is warning BTC holders, saying that a capitulation event for the king crypto is in sight. The pseudonymous analyst known in the industry as Capo tells his 692,200 Twitter followers that Bitcoin continues to flash signs of weakness. While Bitcoin bulls have managed to ignite a rally from the current bear market low of around $15,700, Capo says that the recent bounce is notably smaller compared to BTC’s previous surges since June. “Every bounce is smaller. Lower lows and lower highs. Support becoming resistance. $12,000 is like a magnet.” Source: Capo/Twitter
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