Analyst That Called 2021 Crypto Collapse Predicts Relief Bounce With Altcoins Outperforming Bitcoin
An analyst known for nailing the end of the 2021 crypto cycle believes that Bitcoin’s drop below $80,000 is designed to lure BTC bears into thinking that the bull market is over. Pseudonymous analyst Capo tells his 942,200 followers on the social media platform X that he thinks Bitcoin is now process of carving a mid-bull cycle bottom following a substantial correction from its all-time high of around $110,000. According to the trader, BTC’s plummet to a 2025 low of $76,000 is a bear trap or a false breakdown that would lead to a sharp bullish reversal with altcoins leading the charge. “Bear trap went lower than expected, but the local bottom should be in or very close. A strong relief bounce is likely over the next few days, with altcoins expected to outperform Bitcoin.” On the instant messaging platform Telegram, Capo says that he’s starting to see signs of strength for Bitcoin and altcoins in the lower time frames. “Ideal...