One of the most respected crypto analysts has issued a warning that Bitcoin is in danger.BTCThe, which has recently recovered from a recent decline, still displays weakness.
Crypto Capo has revealed a new trading strategy. tells His 922,500 Twitter followers were informed by him on X, the platform for social media, that the price of the most valuable crypto assets, based on market capital, could drop to between $88,000-$90,000. He also noted that other altcoins may be affected.
There’s some weakness underlying the market rebound after the capitulation. The hedge is open until I see bullish confirmations, or another dip that could bring BTC to $88,000-$90,000.
Altcoins may drop by another 10-30%. Some could form higher lows, while others grab liquidity under the candle. If this occurs, it is the same plan: Buy/Hold the Dip. “A local important bottom is very near.”
This chart is a trader’s chart. indicate The crypto-king is expected to dip, and then rise again during the summer. Bitcoin currently trades for $97.982, a gain of 1.2% in the past 24 hours.
Next, we will discuss meme assets. says It appears that, while the prices could fall even more, there is a good chance that they’ll recover by February. But he also notes that they are not all expected to hit new all-time heights.
“Memecoins have retraced 60%-80% on average over the last few weeks (and they could still drop further). SInce a local bottom could be forming soon, they might bounce during the rest of February. However, I don’t think most of the will reach new ATHs.”
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