Famous Forecaster: Bitcoin and These 3 Altcoins Will Sell Big!

Famous Forecaster: Bitcoin and These 3 Altcoins Will Sell Big!

A closely watched Bitcoin and altcoin strategist continues the bearish calls. The analyst expects another big selloff in the biggest cryptocurrency, Bitcoin, noting that it is almost time for it. Besides Bitcoin, the analyst cites the popular altcoins Ethereum, Solana and THORChain (RUNE). Here are the details…

Analyst: It’s time to crash for Bitcoin

cryptocoin.com As we also reported, analyst Capo, who came on the agenda with various altcoin predictions that turned out to be correct, said that if BTC bears continue to accumulate large orders of selling above $29,000, Bitcoin’s demand for $28,000 is almost exhausted. Noting that there is a sell demand for 5,000 BTC, the analyst believes that if the $28,000 level is retested, the bulls will sell off and uses the following statements:

There are 5,000 BTC there. The request is complete. Once $28,000 is retested, we might see the bulls capitulate.

Capo also suggests that Bitcoin has now tested the support around $28,000 seven times in just over two weeks and the key level is on the verge of breaking down. “It’s time,” he warns investors. Capo’s forecast was previously between $23,000 and $21,000. As of this writing, BTC is changing hands at just under $29,000.

What is the outlook for Ethereum, SOL and RUNE?

Looking at the largest altcoin by market capitalization, Ethereum, Capo warns that ETH could drop as low as $1,000 if it gains support at $1,700. Next, Capo talked about the Solana smart contract platform, which he said could lose half of its value if it gets support at $40. He cites the $20-25 level as key support levels for Solana. As of this writing, SOL is trading above $40.

Capo is also closely following THORChain (RUNE), a decentralized exchange protocol. According to the crypto strategist, RUNE broke below the cross support and is heading towards its target of $1.79, around 30% lower than its current price of $2.50.

Twitter‘in, Facebookin and instagramFollow and Telegram and Youtube join our channel!

Disclaimer: Articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

Warning: Quoting news content from Kriptokoin.com and quoting by giving a link is subject to permission from Kriptokoin.com. No content from the site may be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.

Source link

Leave a Comment

Your email address will not be published.