The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Analyst Who Accurately Called Crypto Plunge Predicts Bitcoin (BTC) Will Sink to $1,000, Says One Altcoin Bullish After 346% Rally

by Daily Hodl Staff
July 13, 2020
in Bitcoin, Trading

A crypto analyst who accurately predicted a huge nosedive in the price of Bitcoin (BTC) is back with another bold and bleak forecast.

In a tweetstorm, the pseudonymous analyst Capo Of Crypto tells his 16,000 Twitter followers that he is taking a break from the social media platform until Bitcoin confirms his bearish bias or invalidates it with a strong push. He believes BTC will sink to as low as $1,000.

“I won’t post anything else on Twitter until BTC goes below $5,000 or consolidates above $10,500. The bias is still bearish, and the main targets are $2,000 and $1,000 if the distribution is finally confirmed.”

The crypto strategist says his bearish bias will be confirmed if Bitcoin breaks $8,500 support in the three-day timeframe.

$BTC

Nothing has changed here, it just took a little longer.

Distribution confirmation: 3D candle closing below $8.5k

Distribution invalidation: consolidation + continuation above the range high

If confirmed, the important supports are:

$7k, $6k, $4.5k, $3k, $2k and $1k pic.twitter.com/0m3vfnmYUq

— il Capo Of Crypto (@CryptoCapo_) June 12, 2020

He makes the case that BTC bulls have lost control of the market after the king cryptocurrency invalidated a bullish continuation pattern late last month.

Do you still think this is an ascending triangle? pic.twitter.com/s81OHpDZBm

— il Capo Of Crypto (@CryptoCapo_) June 30, 2020

While Capo Of Crypto is bearish on BTC, he believes one altcoin has managed to decouple from Bitcoin’s trend.

He says ChainLink (LINK) is poised to ignite a strong rally even after posting gains of over 346% year-to-date.

I'm not gonna brag about this one, just so you know the bullish alternative was there and the bearish analysis for $LINK is invalidated for now. https://t.co/pA4dwHw3sA

— il Capo Of Crypto (@CryptoCapo_) July 8, 2020

In January, when Bitcoin was bullish and threatening to breach key resistance of $10,000, the pseudonymous crypto strategist made a counterintuitive call and said he expected BTC to carve a bottom at $4,500.

His target was hit in March, as the leading cryptocurrency plummeted to $3,850 at the height of the coronavirus-induced sell-off.

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Binance Launches Free Tax Tool To Provide Tax Details for Crypto Transactions in First Step of Global Launch
    February 6, 2023
  • BlockJoy Secures Nearly $11 Million From Gradient Ventures, Draper Dragon, Active Capital and More To Launch Decentralized Blockchain Operations
    February 2, 2023
  • Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps
    February 1, 2023
  • Sign Up Today for the TRON Grand Hackathon aka HackaTRON Season Four
    February 1, 2023
  • MegaWorld Land Gameplay on BNB Chain Starts February 15, 2023
    February 1, 2023
  • Web 3.0 Hackathon on Astar Sponsored by Toyota Motor Corporation
    February 1, 2023
  • Match-Trader White Label by B2Broker Gives Brokers a Comprehensive Online Trading Platform With B2Core Integration
    February 1, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,002.16
$23,002.16
0.88%
Ethereum
$1,644.07
$1,644.07
1.06%
Cardano
$0.389331
$0.389331
0.28%
XRP
$0.397162
$0.397162
0.12%
Dogecoin
$0.09142
$0.09142
0.65%

Spotlight

  • New Cardano-Based Stablecoin DJED Quickly Attracts Over 27,000,000 ADA in Reserves
    February 1, 2023
  • U.S. Senate Banking Committee Schedules ‘Crypto Crash’ Hearing for February 14th
    February 4, 2023
  • ARK Invest Details Massive $1,480,000 Bitcoin Price Target, Says BTC’s Long-Term Opportunity Is Strengthening
    February 7, 2023
  • Legendary Trader Peter Brandt Says Bitcoin Flashing Rare Bullish Signal – Here’s His Target
    January 31, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl