Bear Analyst, Bitcoin and 3 Altcoins Commented: Short's!

Crypto money market has experienced significant volatility in recent months. Leading cryptocurrencies such as Bitcoin and Ethereum have lost value, while some altcoin projects have skyrocketed. While this situation made investors nervous, it also raised questions about the future of the market. While the eyes of Crypto money analysts are also on the market, il Capo, one of the well-known analysts, shared his latest analysis. Capo made remarkable predictions for Bitcoin, Ethereum, and altcoins and gave important signals to investors. In this article, we will examine Capo's latest predictions and the latest developments in the market.

Capo made a statement about altcoin projects

Il Capo, one of the well-known analysts of the Crypto money world, made evaluations about the current situation of the market and gave important signals to investors. According to Capo's analysis, while Bitcoin and Ethereum may continue their downward trend in the coming period, rise opportunities may arise in some altcoin projects. Capo noted that Bitcoin is currently in an fall trend in the $57,000 to $59,000 range, which is a key resistance point. According to the analyst, if Bitcoin fails to break through this resistance level, there is a risk that it will decline to its main target of $40,000.

Opened short positions in CRO and BNB

Capo thinks that despite the possibility of the market making a bounce in the short term, the coming months should be favorable for a bear market. Therefore, he warns that investors should proceed with caution and manage their risks. Capo also gave information about his own positions. According to the analyst, he said that he is currently in short position in CRO and BNB and is waiting for the end of the correction trend in the market for his next moves.

Capo's analysis shows that a fall trend may continue in Bitcoin and Ethereum in the coming period, but rise opportunities may also arise in some altcoins. It is important for investors to do their own research and manage their risks with these analyses in mind. The information in this news is not investment advice. Crypto money investments are quite risky and detailed research is required before investing.

As we reported as Kriptokoin.com, Capo predicted that there would be a bear market in Bitcoin in the second half of 2022, and this prediction turned out to be largely correct. Bitcoin fell considerably from its ATH level in November 2021 (around $69,000) to less than $30,000 in June 2022.

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