Analyst That Nailed 2022 Crypto Collapse Unveils Bullish Path Ahead for Bitcoin and Altcoins
An analyst who became popular after accurately calling the 2022 crypto meltdown believes Bitcoin (BTC) and altcoins are gearing up for bullish continuation. Pseudonymous analyst Capo tells his 102,828 subscribers on the instant messaging platform Telegram that a small pullback is in sight for BTC. According to Capo, the minor retracement would set the stage for BTC to rally above $70,000. “Major resistance level also for Bitcoin. A pullback to the $64,000-$65,000 level would be healthy before bullish continuation.” Source: Capo/Telegram At time of writing, Bitcoin is trading for $64,370, down over 2% in the past 24 hours. Looking at the altcoin market, Capo says he’s closely following the OTHERS chart, which tracks the market cap of all crypto excluding the top 10 digital assets and stablecoins. The trader sees OTHERS pulling back to $220 billion before taking out its immediate resistance at $240 billion. “After giving the first bulli...