An analyst who is known for bet against Bitcoin (BTC) says that he is still Bearisheh after the most important outbreak of the flagship Crypto Asset.
The Analyst Pseudonym known as Capo tells His 128,461 Telegram subscribers that Bitcoin has demonstrated ‘remarkable power’ in a time when traditional markets show signs of weakness and point to the potential formation of a top.
Although he is in red, the trader believes that he will make it.
“Euphory around BTC is clear, and in my opinion a reversal remains only a matter of time.
All my short positions are currently loss. Fortunately I use a very low leverage, so I am not yet liquidated until the disappointment of many. “
Capo bets that Bitcoin can fall to around $ 65,000, a level that was last registered in November 2024.
The analyst says that his Bearish -position is supported by the possibility of another unforeseen “Black Swan event” on the horizon.
“Despite adversity stay calm. Not everything takes place immediately.”
Bitcoin acts at $ 118,926 at the time of writing, an increase of about 10% in the last seven days, but with a few percentage points of the all times of slightly less than $ 123,000 that was reached earlier this week.
The trader also analyzes the native token of BNB chain (BNB). Capo out BNB is confronted with a strong resistance and could fall by around 49% from the current price to a level that was last registered in March 2024.
“Price is at the reach of high resistance.
Mid-range support for $ 350- $ 400. ”
BNB acts at $ 693 at the time of writing.
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