Bitcoin (BTC)Crypto News

Top trader Capo warns against Bitcoin (BTC) and altcoins as crypto markets suffer a price decline

A popular crypto strategist and trader believes that Bitcoin (BTC) and the altcoin markets facing a massive correction stand.
Pseudonymous crypto analyst Capo tells his 266,300 Twitter followers that Bitcoin’s “main target” is between $21,000 and $23,000.

Source: Capo/Twitter
Bitcoin is trading at $36,117.66 as of this writing, down more than 6.5% over the past week.

Capo also believes that altcoins could be on the verge of a major downside break.

“The altcoinsindex is about to break through the main support. The next support is 50% lower. Real surrender below that level.”
Top trader Capo warns against Bitcoin (BTC) and altcoins as crypto markets suffer a price decline, Crypto Trading NewsSource: Capo/Twitter
The pseudonymous crypto analyst also says so Ethereum (ETH) will not be spared from its forecast correction.

“ETH’s main target is $1,100-$1,300, and that’s 50%, not 70%.”

At the time of writing, Ethereum is changing hands at $2,688, down 2.41% over the past day.

The trader forecasts similar losses for SANDthe native token for the Blockchain-based virtual game world The Sandbox. Capo thinks The Sandbox will drop into the $0.95 to $1.00 range after the bears conquer a crucial area of ​​support.

“SAND.”
Top trader Capo warns against Bitcoin (BTC) and altcoins as crypto markets suffer a price decline, Crypto Trading NewsSource: Capo/Twitter
SAND, the crypto asset at number 44 market capitalization, is trading at $2.07 at the time of writing, down more than 10% over the past week. A move to Capo’s bearish target of $0.95 means over 50% downside potential for SAND.
Check the price action

Source: Crypto News Deutsch

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button