Famous analyst Capo said that Bitcoin (BTC) bulls could be caught in a big trap.
Known for predicting Bitcoin’s bottoms, Capo warned that you will face another bull trap.
“This is one of the biggest boa traps of the year. But he won’t be seen until it’s too late.”
To support his argument, Capo cited tweets he posted in April 2022. According to Capo, Bitcoin is looking for bottoms again, even if it means going against popular opinion.
“Same story over and over.
2018:
While the price was at the $7,500 level, it was marking the $3,000 – $4,000 level. The price fluctuated between $6,000 and $9,500 for 7 months and hit the final target.
I had very few followers back then and you could already see the hate.”
The analyst claimed that a similar situation occurred in 2019 and 2020.
“2019-2020:
It was expressed as $7000-7300, $6000-6200 and 4400-4800 as the final target.
The price managed to meet these targets, and a few months later it also reached its final target, which is also the absolute bottom.
Back then, I got hateful comments again.”
The analyst said the asset is also seeking the bottom in 2021:
“2020:
I was looking for the bottom and the continuation of the bull rally between $30,000 and $35,000. In most comments, lower levels were said and ridiculed.
The price fluctuated between these levels for several weeks and the bull rally continued all the way to $69,000.
From all this, the analyst concludes that the markets will always give traders opportunities.
“There are always opportunities because the market always tests you.
Congratulations if you’re catching every dip and pump. I focus on bigger opportunities and different timeframes. I don’t care about lost jumps”
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