• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Coinbase receives Wells notice from SEC

2023-03-22

Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

2023-03-22

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Coinbase receives Wells notice from SEC

    2023-03-22

    Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

    2023-03-22

    Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

    2023-03-22

    BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

    2023-03-22

    OneCoin associate Irina Dilkinska charged following US extradition

    2023-03-21
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15
  • Market Cap
CryptoNewsMetaverse
Home»Analysis»Strategist Who Nailed 2022 Bitcoin Downturn Issues Fresh Warning to Crypto Traders
Analysis

Strategist Who Nailed 2022 Bitcoin Downturn Issues Fresh Warning to Crypto Traders

2022-12-25No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

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.” 

Image
Source: Capo/Twitter

At time of writing, Bitcoin is changing hands for $16,840. A move to Capo’s $12,000 target indicates an over 28% decline for the king crypto.

Capo also says that traders are likely not prepared for the drastic move down.

“Just read the comments here and you will get a second confirmation (first one is the analysis and indicators) that most people are trapped above $17,000 or higher and couldn’t take another drop. Like I said before, most people are not prepared for what is coming and it shows.” 

He adds that the current trading environment in crypto and the stock market appears to be creating a “perfect scenario for a proper capitulation.”

“Stock market bleeding, altcoins breaking key supports, indicators pointing down, bulls getting euphoric and cocky for tiny pumps.” 

Looking at the equities market, Capo says the S&P 500 (SPX) remains in a downtrend after respecting its diagonal resistance.

“Clear bearish retest. Downtrend intact.” 

Image
Source: Capo/Twitter

Traders keep an eye on the performance of the SPX as a weak index suggests that investors remain wary of risk assets like stocks and crypto.

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

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

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/Roman Sakhno



Source link

Bitcoin Crypto downturn Fresh issues Nailed Strategist traders Warning
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22

BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

2023-03-22

Belgium to introduce new crypto ad regulation

2023-03-21

Taiwan orders financial watchdog to take over crypto regulations

2023-03-20
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Satoshi Fund CEO Has Dire Warning For Ethereum, Claims Vitalik Failed

2022-09-29

Project NAYOM1 Celebrates 10 Years of the Blade heel

2022-09-29

BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation

2022-06-16

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Coinbase receives Wells notice from SEC

2023-03-22

Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

2023-03-22

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,543.00-2.78%
  • ethereumEthereum(ETH)$1,750.66-3.14%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.010.13%
  • binancecoinBNB(BNB)$322.26-4.87%
  • usd-coinUSD Coin(USDC)$1.00-0.34%
  • rippleXRP(XRP)$0.422707-10.06%
  • cardanoCardano(ADA)$0.357874-6.07%
  • dogecoinDogecoin(DOGE)$0.074497-2.45%
  • Lido Staked EtherLido Staked Ether(STETH)$1,739.71-3.60%