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Capo, a prominent cryptocurrency trader and analyst, is sounding the alarm bells, warning traders about a potential Bitcoin price drop.¹ Despite Bitcoin's recent surge, Capo remains cautious, citing excessive market optimism and the U.S. government's BTC holdings as concerns.
Capo's warning isn't just about Bitcoin; he's also expressed a negative outlook for Ethereum, citing a potential local top and altcoin reversals.² This cautious stance is shared by other analysts, who believe that the market may be due for a correction.³
It's essential for traders to remain vigilant and adapt to changing market conditions. Capo's warning serves as a reminder to be cautious and not get caught up in the hype. As always, it's crucial to do your own research and stay informed to make informed investment decisions.⁴