Could Bitcoin Crash To $12K? Crypto Bear Issues Urgent BTC Warning: 'Beginning Of The End'
Portfolio Pulse from Benzinga Neuro
Influential crypto analyst Capo warns that Bitcoin (BTC) could crash to $12,000, citing the 'beginning of the end' and a potential 'massive capitulation event'. This bearish outlook follows a market correction and legal issues faced by Binance and its former CEO, Changpeng Zhao. Bitcoin was trading at $37,369, recovering from a one-week low of $35,632. Capo also suggests altcoins could see a steeper correction if Bitcoin hits the $12,000 mark.
November 23, 2023 | 10:08 am
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Capo, a prominent crypto analyst, predicts a potential crash of Bitcoin to $12,000, which would be a significant drop from its current price of $37,369. This bearish view is influenced by recent market corrections and legal challenges faced by Binance and its former CEO.
Capo's prediction of a Bitcoin crash to $12,000 is based on his analysis of the current market conditions and legal troubles of Binance, which could lead to a loss of investor confidence and a sell-off in Bitcoin. Given his large following, his views could influence market sentiment and potentially lead to a short-term price decline.
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