Crypto Analyst Known for Calling Bitcoin Bottoms Issues Alert, Says Crypto Forming Biggest Bull Trap He’s Ever Seen
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The trader who nailed last year’s epic Bitcoin (BTC) meltdown is issuing a warning, saying the current rally is not going to end well for crypto bulls. Pseudonymous analyst Capo tells his 710,100 Twitter followers that he thinks that real and organic demand is not responsible for the strength in the crypto markets. “I’ve been checking charts all this time, avoiding noise from Twitter. The way the upward movement is happening, the way high timeframe resistances are being tested… It clearly looks manipulated, no real demand. Once again, the biggest bull trap I’ve ever seen. But they won’t trap me.”
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