Here’s What’s Next for Bitcoin, Ethereum and Cardano, According to Trader Who Predicted 2022 BTC Collapse
— Collapse, Hodl, Daily, Cardano, Predicted, Ethereum, Trader, Trading, Whats, Bitcoin — 1 min read
Bitcoin's recent rise above $20,000 was a “dead cat bounce,” which was met by selling on the FTX crypto exchange. Bitcoin's Bitcoin bottom that formed around $30,000 mid-last year mirrors the current price action. Capo says a fall below $1,000 by the second-largest digital asset by market cap could trigger a plunge of over 30% from current price. The crypto analyst is targeting a floor price for BTC between $15,800 and $16,200. He concludes his analysis with Cardano (ADA), saying he is “very bearish” on the eighth-largest crypto asset. Cardano’s next support level is $0.29 to $31. Source