HomeCryptoTop Trader Capo Issues Warning About Bitcoin (BTC) and Altcoins As Crypto...

Top Trader Capo Issues Warning About Bitcoin (BTC) and Altcoins As Crypto Markets Suffer Downtick in Price

A preferred crypto strategist and dealer thinks that Bitcoin (BTC) and the altcoin markets are poised for an enormous correction.

The pseudonymous crypto analyst Capo tells his 266,300 Twitter followers that Bitcoin’s “major goal” is between $21,000-$23,000.

Supply: Capo/Twitter

Bitcoin is buying and selling at $36,117.66 at time of writing, down greater than 6.5% up to now week.

Capo additionally thinks altcoins might be on the verge of a significant break to the draw back.

“Altcoins index is about to interrupt the primary help. Subsequent help is 50% decrease. Actual capitulation beneath this stage.”

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Supply: Capo/Twitter

The pseudonymous crypto analyst additionally says that Ethereum (ETH) is not going to be spared by his predicted corrective transfer.

“ETH major goal is $1,100-$1,300, and that’s 50%, not 70%.”

At time of writing, Ethereum is altering arms for $2,688, down 2.41% up to now day.

The dealer predicts comparable losses for SAND, the native token for blockchain-based digital gaming world The Sandbox. Capo thinks The Sandbox will plummet to the $0.95-$1.00 vary after bears took out a vital help space.

“SAND.”

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Supply: Capo/Twitter

SAND, the Forty fourth-ranked crypto asset by market cap, is buying and selling at $2.07 at time of writing, down greater than 10% up to now week. A transfer to Capo’s bearish goal of $0.95 represents a draw back potential of over 50% for SAND.

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Featured Picture: Shutterstock/Blue Planet Studio/Nikelser Kate

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