Capo and Crypto Predictions
Today, after the US data came in poorly, the expectation of a drop in BTC price settled. Data undermining the Fed’s view of at least a 50bp rate cut this year encouraged sellers. With the arrival of the data, Capo commented, “Remember, dips are for buying until proven otherwise.” Especially with altcoins experiencing drops nearing 20%, it allowed us to see a real bottom spike. Access NEWSLINKER to get the latest technology news. 📰
He then shared the following chart on social media for altcoins and said;
“Crypto market update…
Strong sell-off towards support. Altcoins suffered more, but this looks like a shakeout.
If these support levels hold, we should soon see the continuation of the uptrend.”
