Capo of Crypto Predicts Bitcoin Price Crash Below $100,000
Crypto analyst Capo of Crypto warns of a significant downturn in the market, dismissing the current Bitcoin trajectory as unsustainable. He predicts a short-lived rally followed by a crash.
Bitcoin Price Projections
- Capo states Bitcoin will drop below $100,000.
- Once this level is breached, he anticipates a decline to $92,000-$93,000.
- If support breaks below $92,000-$93,000, prices could plummet to $60,000-$70,000.
Impact on Altcoins
- Altcoins are expected to be affected severely, with potential crashes of 50-80%.
- Previous trends show 10% dips in Bitcoin correlate with 20-30% dips in altcoins.
- This scenario could lead to new lows for altcoins not seen in five years.
Capo has previously warned of market reversals, including a warning in May when Bitcoin was reaching new highs. Since then, most altcoins have lost value while Bitcoin has retained some gains.
