Bitcoin 'Should Dump To 45K,' Trader Says: 'The Day Capo Goes Bullish Is The Day We Top'
Portfolio Pulse from Ivan Crnogatić
Pseudonymous trader Capo of Crypto, known for bearish Bitcoin predictions, recently forecasted a Bitcoin drop to $45,000, just before Bitcoin surged 12% past $53,000 resistance. Despite Capo's history of bearish calls, including a notable prediction of Bitcoin hitting $12,000, the cryptocurrency community remains entertained, with some viewing his predictions as inversely predictive. Technical analysts remain bullish on Bitcoin, with expectations of further gains.
February 27, 2024 | 5:50 pm
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Capo of Crypto's recent bearish prediction on Bitcoin did not materialize as BTC surged past $53,000, indicating strong market momentum contrary to his forecast.
Capo of Crypto's prediction of a Bitcoin drop to $45,000 was quickly followed by a significant price surge past $53,000 resistance, demonstrating the market's strong bullish momentum and the potential unreliability of bearish predictions in the current market climate. This contrast between prediction and actual market movement suggests a short-term bullish impact on Bitcoin's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90