Bitcoin's 'Fake Pump Seems Over:' Crypto Analyst Capo Predicts Price Drop To $12K
Portfolio Pulse from Mehab Qureshi
Crypto analyst Capo predicts a drop in Bitcoin's price to $12,000, suggesting the recent surge was short-lived. Capo believes the price increases are orchestrated with the aim of trapping investors. However, other analysts like Michael Van de Poppe and Crypto Tony have different views, with the former referring to the current month as 'Uptober' and the latter identifying a potential short setup.
October 03, 2023 | 10:22 am
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Crypto analyst Capo predicts a drop in Bitcoin's price to $12,000, suggesting the recent surge was short-lived. However, other analysts have different views.
The prediction of a significant price drop by a crypto analyst could lead to a bearish sentiment among investors, potentially causing a decrease in Bitcoin's price. However, the differing views of other analysts might mitigate this impact to some extent.
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