An analyst who accurately called the Crypto Meltdown 2022 warns that Bitcoin (BTC) and Solana (SOL) will probably print new lows this year.
Starting with Bitcoin, pseudonymous trader Capo tells Are 121,564 subscribers to the Instant Messaging platform Telegram that he sees BTC, which initially stands up to $ 100,000 to put a bullfall.
A bullfall is a false signal, in which traders think that an active bullish is, but instead the price reverses and falls.
According to Capo, the rally will form the scene for BTC to witness a massive capitulation event on the way to his downward target of around $ 63,000.
“BTC plan.”
Capo also notes that he thinks that the idea of the bullfall is still valid, although BTC has fallen under the immediate support.
“BTC has broken under $ 84,000, which is not great for the Bullish Scenario in the short term. However, this still looks like a tray for me. Based on indicators and the confluence with altcoins, most of which are kept above high time control support, I will keep Bullish.
That said, I would really like to see a strong recovery of $ 84,000 (ideally $ 85,000) to confirm the power. ”
A Bear Trap decorates traders in thinking that an active goes to lower levels, but then the price turns to the top.
At the time of writing, Bitcoin acts for $ 82,936.
Turning to Solana, Capo predicts that Sol will also generate a strong leg before collapsing to his narrow target of $ 100.
“Sol looks good for a bullish step to $ 180- $ 200.”
Sol $ 125 is worth at the time of writing.
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Generated image: dalle3