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Bitcoin News Alerts | Daily BTC News

926: TRADER WHO ACCURATELY CALLED BITCOIN COLLAPSE UNVEILS TARGET PRICE FOR BTC AMID CRYPTO FREE FALL!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 12 May 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

A crypto strategist and trader who has long predicted a massive Bitcoin crash below $30,000 is revealing how low he believes BTC will go. The pseudonymous cryptocurrency analyst Capo tells his 289,400 Twitter followers that Bitcoin’s free fall is not over yet. He cites large whale transfers of BTC to crypto exchanges as the main force driving the current crash, and warns a significant amount of Ethereum has also been sent to the crypto exchange FTX. As for his target low for Bitcoin, Capo says he believes BTC will land somewhere between $21,000 and $23,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, Bitcoin kisses $24,000, realized price after its second highest seller losses in history.

0:06.7

In today's show, I'll be breaking down the latest technical analysis.

0:09.4

And quoting crypto analysts Mikhail Vendipop, the more I'm starting to see targets like

0:12.9

$8,000 or $12,000 for Bitcoin, the more convinced I am, we're getting into the end stages of this

0:18.4

downwards run.

0:19.4

It's actually capitulation already.

0:21.2

Altcoins are in a bear market for a year.

0:23.2

It is a tremendous opportunity.

0:25.5

And as shared here by Plan B, time for some hopium.

0:27.9

We had been in the $30,000 to $60,000 range for one and a half years now.

0:31.2

But the first time we were at $30,000 was overbought.

0:34.3

And the second time at $30,000, Bitcoin market was neutral. Now at 30,000, Bitcoin is

0:39.0

oversold like peak COVID fear in March of 2020. And as Calio shares here, capitulation will be out

0:45.0

in full force. Bitcoin will once again be declared dead. This is where you'll find the greatest

0:49.2

opportunity where you'll be forced to decide, which voice is louder, your conviction, or the crowd's laughing at you,

0:55.1

forever believing in the first place. And as on-chain analyst, Willie Wu shares here,

0:59.4

huddlers capitulated in the last 24 hours, which was led by future selling. Is the bottom in?

1:04.9

I don't know. Fundamentals taking a back seat, the fear-driven trading. What I do think is we're not

1:09.4

trading BTC. We're trading macro and equities. And as shared here, the USDdriven trading. What I do think is we're not trading BTC, we're trading macro and

1:11.9

equities. And as shared here, the USD-Peg is restoring already, which is a good sign. People shouldn't

1:17.4

compare USDT with UST, as those are completely different, although the reaction on the markets are

1:22.5

because of tremendous fear levels still looks like capitulation to me. Also in today's show, Ether plunges 13% while Bitcoin

...

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