Strategist Who Correctly Called Massive Bitcoin and Crypto Crash Forecasts Imminent Bitcoin (BTC) Bounce – With a Catch

The crypto strategist who accurately predicted crypto’s 2022 crash now sees Bitcoin (BTC) bouncing with a major catch.

Pseudonymous trader Capo tells their 575,800 Twitter followers that they still think BTC will bounce as high as $21,500 after Fed chair Jerome Powell’s speech yesterday announcing another interest rate hike.

“No changes with the Powell speech. 

$21,000-$21,500 and then new lows.”

With BTC going for $20,249 at time of writing, a move to $21,500 would represent a bounce of 6%. But the catch is this – Capo thinks the king crypto hits new lows soon after.

Capo re-iterated the bounce prediction hours later and then restated his forecast again hours after that.

“Good morning!

Bitcoin bouncing from the $20,000 support, where a lot of shorts entered. Altcoins bouncing stronger.

$21,000-$21,500 is likely…

BTC about to bounce.”

Source: CryptoCapo_/Twitter

Yesterday, Capo also provided a marked-up chart to support their strong prediction of BTC reaching the $21,500 “hammer zone.”

“The initial liquidity take to the downside has been key.

Send it to $21,000-$21,500.”

Source: CryptoCapo_/Twitter

Moving on to the little-known identify verification blockchain token Litentry (LIT), Capo predicts an 80% flare-up from LIT’s current price of $1.27.

“LIT update

Breaking resistance. 110% since entry 

Trailing the [stop loss] in profits. Main target remains $2.28.”

Source: CryptoCapo_/Twitter

Litentry is a decentralized privacy-based identity verification infrastructure. It allows participants to use tokens to aggregate identities from other chains. LIT holders are able to participate in governance.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/sdecoret/David Sandron

The post Strategist Who Correctly Called Massive Bitcoin and Crypto Crash Forecasts Imminent Bitcoin (BTC) Bounce – With a Catch appeared first on The Daily Hodl.

Leave a Reply

Your email address will not be published.