Prime Dealer Capo Points Warning About Bitcoin (BTC) and Altcoins As Crypto Markets Endure Downtick in Value

by Cryptospacey

A preferred crypto strategist and dealer thinks that Bitcoin (BTC) and the altcoin markets are poised for an enormous correction.

The pseudonymous crypto analyst Capo tells his 266,300 Twitter followers that Bitcoin’s “most important goal” is between $21,000-$23,000.

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Supply: Capo/Twitter

Bitcoin is buying and selling at $36,117.66 at time of writing, down greater than 6.5% prior to now week.

Capo additionally thinks altcoins may very well be on the verge of a significant break to the draw back.

“Altcoins index is about to interrupt the principle assist. Subsequent assist is 50% decrease. Actual capitulation under this degree.”

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Supply: Capo/Twitter

The pseudonymous crypto analyst additionally says that Ethereum (ETH) is not going to be spared by his predicted corrective transfer.

“ETH most important goal is $1,100-$1,300, and that’s 50%, not 70%.”

At time of writing, Ethereum is altering arms for $2,688, down 2.41% prior to now day.

The dealer predicts comparable losses for SAND, the native token for blockchain-based digital gaming world The Sandbox. Capo thinks The Sandbox will plummet to the $0.95-$1.00 vary after bears took out a vital assist space.

“SAND.”

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Supply: Capo/Twitter

SAND, the Forty fourth-ranked crypto asset by market cap, is buying and selling at $2.07 at time of writing, down greater than 10% prior to now week. A transfer to Capo’s bearish goal of $0.95 represents a draw back potential of over 50% for SAND.

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Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in online marketing.

Featured Picture: Shutterstock/Blue Planet Studio/Nikelser Kate



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