Bitcoin has been on a downward trend since mid-2021, causing concern among investors and analysts alike. However, it appears that the cryptocurrency has finally broken the $20,000 barrier and is holding steady at $27,000. While this news has generated excitement among investors, there are still conflicting opinions on the direction of the market.

One analyst who remains bearish on the market is ‘Capo,’ who accurately predicted the fall of Bitcoin when it sharply dropped in the past. Capo has been inactive on Twitter for over a month but has recently returned to provide an update on his analysis of the market.

According to Capo, despite the recent increase in Bitcoin’s price, altcoins have not followed suit and are still holding at major resistance levels. His analysis indicates that the recent rally of Bitcoin might be due to high price manipulation, particularly with BUSD and USDC. He remains bearish and fully out of the market, stating that new lows are still likely to happen.

Capo’s analysis is not shared by all, as many investors are optimistic that the recent increase in Bitcoin’s price could signal the beginning of a bullish trend. However, Capo’s accurate analysis in the past suggests that his perspective should not be ignored.

The current state of the cryptocurrency market remains uncertain, with conflicting opinions on the direction it will take in the coming months. While some analysts are optimistic about Bitcoin’s recent increase in price, others like Capo remain cautious, warning of the potential for price manipulation and new lows.

Despite this uncertainty, the popularity and adoption of cryptocurrencies continue to grow, with many individuals and companies investing in digital assets. As more people enter the market, it will be interesting to see how the price of Bitcoin and other cryptocurrencies will evolve in the coming months.

In conclusion, while the recent increase in Bitcoin’s price has generated excitement among investors, the market remains uncertain, with conflicting opinions on its direction. Only time will tell whether Bitcoin’s recent increase in price is sustainable, or if Capo’s prediction of new lows will come true.

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This article was republished from azcoinnews.com

The crypto market has been on a rollercoaster ride for the past few months, with Bitcoin reaching new highs and then experiencing sharp drops. However, it appears that the market has entered a dormant period, leaving investors wondering what the future holds.

Despite most investors seeing the crypto market as bullish and believing that the market has bottomed, there is one analyst and trader who has a different view. Capo, a renowned analyst trader, has warned his 732,000 Twitter followers to be wary of the current market.

Capo has always held his views and strongly believed that the market was still in a downtrend. When Bitcoin was in a downtrend, he accurately analyzed the points that Bitcoin would touch. However, after Bitcoin started rallying, he still believed that it would continue to go down.

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This shows that no one can truly predict the market with 100% accuracy. Investors should study and plan to deal with the risks that occur, as it will allow them to lose at a level that they can accept.

After his return to action following a long period of silence during Bitcoin’s rally, users have slammed Capo for believing that the crypto market is still bearish. He replied, “Imagine being wrong for months and going completely silent on Twitter, only to come back when the price finally starts to go in your direction to tell everyone you are right.”

Capo’s warning serves as a reminder to investors that the crypto market is still highly volatile and unpredictable. While some may see the current market as bullish, it’s essential to be cautious and manage risks appropriately.

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This article was republished from azcoinnews.com