A closely followed crypto analyst gives a warning and says that Bitcoin (BTC) still shows weakness despite the recovery of his last dip.
In a new strategy session, pseudonymous crypto trader Crypto Capo tells His 922,500 followers on the social media platform X that the best crypto assets from Market Cap could fall to a price tag of between $ 88,000 and $ 90,000, and noted that Altcoins could also take a hit.
“Despite the strong market, after the capitulation event, there is still some underlying weakness. I have reopened the hedge position until we see the right bullish confirmations or a second dip, which can yield BTC up to around $ 88,000- $ 90,000.
Some altcoins can fall another 10%-30%, with some higher lows and others who grab liquidity under the wick. Even if this happens, the plan remains the same: keep/buy the dip. An important local soil must be very close. “
The graph of the trader seems assign That the crypto king will dive and then get up somewhere in the summer. Bitcoin acts for $ 97,982 at the time of writing, a win of 1.2% during the last 24 hours.
Switch to meme activa, the trader out That although they could dive even further, it probably seems that they will recover in the month of February. However, he notes that the majority of them are not planned to rise to new all time (ATHS).
“Memecoins have been withdrawn on average 60% -80% in recent weeks (and they can still fall further). Because a local soil could soon arise, they can bounce for the rest of February. However, I don’t think most of the Will New Aths reach. ‘
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Generated image: midjourney