Cryptocurrency Expert Predicts Significant Drops For Bitcoin And Ethereum Before Altcoin Season Begins
Portfolio Pulse from Rounak Jain
Cryptocurrency expert Capo predicts significant short-term declines for Bitcoin and Ethereum before an altcoin season begins. Bitcoin may test $48,000-$50,000, and Ethereum could fall to $1,800-$2,000. Despite recent declines, some analysts remain optimistic about Bitcoin's long-term potential.
October 05, 2024 | 11:00 am
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NEGATIVE IMPACT
Capo predicts Bitcoin may test the $48,000-$50,000 range, indicating a potential short-term decline. Despite this, some analysts remain optimistic about Bitcoin's long-term potential.
Capo's prediction of Bitcoin testing lower price levels suggests a bearish short-term outlook. The current price is $60,508, and a drop to $48,000-$50,000 would be significant. However, some analysts are optimistic about Bitcoin's long-term potential, which could mitigate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Capo forecasts Ethereum could fall to $1,800-$2,000, indicating a potential short-term decline. Despite this, the broader market sentiment remains mixed with some optimism.
Capo's prediction of Ethereum testing lower price levels suggests a bearish short-term outlook. The current price is $2,345, and a drop to $1,800-$2,000 would be significant. However, the broader market sentiment remains mixed, with some optimism for the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100