Scary Scenario About BTC, ETH And Altcoins!

Capo Warns Investors!

Capo said in his statements, BTCHe stated that he expects the coin to fall from a large symmetrical triangle pattern on the 12-hour timeframe and reach a target price of $21,000 to $23,000.

Using the Elliott Wave theory for his analysis, the investor states that the main resistance level of Bitcoin is between $45,000 and $46,000. The leading cryptocurrency continues to trade at $44,000 after encountering a rejection in the $45,000 band.

Ethereum and Other Altcoins

The analyst evaluated Ethereum as well as Bitcoin and ETH He stated that if the coin breaks the support in the 2200 dollar band, it can regress to 1,100 to 1,300 dollars. Ethereum is trading above $3,000 at the time of writing, and the arrival of Capo’s targets means that there may be a drop of more than 50%.

In addition, Capo terra He states that he expects a decrease for (LUNA) as well. Capo’s expectation is not surprising, as altcoins will also fall in a market where BTC and ETH are already declining. Capo also states that this thesis will be invalid if it is exceeded above $ 104 in LUNA, where he expects to decline from $ 40 to $ 45.

On the other hand, the analyst states that there may also be a decrease in Fantom (FTM) and that the gains made in the recent recovery may be lost. According to the analyst, the bullish outlook is broken in FTM and a drop to $0.60 can be seen. FTM It is currently trading above $1.3.

Finally, the analyst also gave bearish targets in Cardano. Analyst ADA He states that after falling as low as $0.15, it will rise to $2.58.

The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should perform their transactions in line with their own research.