Famous crypto analyst and trader Crypto Capo sent shock waves to investors with his Bitcoin prediction of $12,000. On the contrary, historical data suggests bullish for BTC for a while, according to different analysts.
Crypto Capo talks about the risk of Bitcoin falling to $12,000
@CryptoCapo_ on Twitter said in their latest analysis that the Bitcoin price could still fall as low as $12,000. Stating that he has received harsh criticism recently, Capo clarifies that he did not take a short position in BTC during the week’s crypto rally. However, he suggested that the market is being manipulated with stablecoins such as BUSD, UDSC and TUSD. According to Capo, one of the main factors will be market manipulation, with Bitcoin falling as low as $12,000.
Capo also took the opportunity to remind us that Bitcoin has successfully predicted the $21-$23k and $16,000 lows in the past. The crypto analyst says that the leading crypto is still trading below the critical resistance line he used in his predictions. Therefore, he predicts that the accumulation phase continues and Bitcoin will drop to $12,000 and Ethereum (ETH) to $500-700.
— il Capo Of Crypto (@CryptoCapo_) June 23, 2023
Different analysts say that the rise will continue for another 32 days
While Capo expects bearish in the long term, historical data shows that the next 32 days will be green for BTC. Accordingly, the BTC price,
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