Crypto Capo Shared His New Analysis After the Halving in Bitcoin (BTC)!

Will Bitcoin (BTC) experience declines again after the halving?

Although Crypto Capo, a name known for its collapse predictions, was significantly successful in the bear season in 2022, it could not maintain this success as the leading cryptocurrency Bitcoin (BTC) entered an upward trend in 2023 and 2024.

Crypto Capo shared its new analysis after the halving in Bitcoin. Capo thinks that BTC will still decline to the level of 57 thousand - 59 thousand dollars.

Here are the important details in the latest analysis shared by popular analyst Capo on the subject:

“Bitcoin's 4th halving has been completed. What to expect now?

Miners now receive less than half Bitcoin rewards, so they often sell some of their BTC reserves to cover their expenses.

Recently the price bounced from the liquidity zone and reached $65,000. This bounce appears to be a dead 🐈 bounce resulting from a short liquidation and rather than the start of an uptrend.

There is still plenty of liquidity in Bitcoin (BTC) between $57,000-$59,000, so we will likely see a decline into this area. Depending on the market reaction, we may see a local bottom forming in this area.

I wish you all a nice weekend!”