Trader Who Accurately Predicted 2022 Bitcoin and Crypto Meltdown Says BTC Capitulation Imminent After Recent Rally

A popular crypto strategist who accurately predicted Bitcoin (BTC) would slice through $30,000 last month says BTC looks poised to capitulate even after its latest rally.

Pseudonymous analyst Capo tells his 335,700 Twitter followers he expects Bitcoin to print a fresh 2022 low once BTC bears take out support at $28,500.

“Clean range. What is happening inside the range and what has happened at the range high shows that this is clear redistribution range. Clean break of the range low = last leg down confirmed = $21,000-$23,000.”

Source: Capo/Twitter

The crypto analyst is standing by his prediction even after Bitcoin managed to reclaim the key psychological price area of ​​$30,000.

“Double hammer, double power. Goodnight!”

Source: Capo/Twitter

Looking at Capo’s chart, the crypto strategist still expects Bitcoin to ignite a sell-off event after BTC failed to breach the range resistance at $31,600.

At time of writing, Bitcoin is changing hands for $31,030, up close to 6% from its 24-hour low of $29,314.

Meanwhile, crypto analyst Inmortal is currently bullish on Bitcoin. The pseudonymous crypto strategist tells his 179,800 Twitter followers he believes Bitcoin is carving a bottom in the form of an ascending triangle.

According to Inmortal, a move above BTC’s triangle resistance at $32,000 could ignite a nearly 20% rally from current prices.

“Consolidation under resistance while making higher lows. IF price manages to find acceptance above $32,000 we could see that long-awaited relief rally. Targets: $34,000-$37,000.”

Source: Inmortal/Twitter

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on twitterFacebook and Telegram

Surf The Daily Hodl Mix


Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Andrush

Leave a Comment

Your email address will not be published. Required fields are marked *