The weekend is here, and the crypto market has turned red once again, with the global market cap dipping below $1 trillion, after a couple of days of price gains and positive momentum.
In the early hours today, it was observed that the Bitcoin had reached $20,667 before dropping towards the $20,200 level. At the time of reporting, Bitcoin is trading at $20,289 after a fall of 2.39% over the last 24hrs.
Meanwhile, a well-known crypto analyst and trader, anonymously known as Crypto Capo, has predicted that Bitcoin is about to crash and the altcoins will surge.
The analyst displays a chart on his Twitter handle with 565,900 followers and claims big plans for the flagship currency.
Bitcoin Price At $25k?
Furthermore, the analyst expects Bitcoin to consolidate around $21,500 and says that if Bitcoin moves beyond $21,500, the asset will consolidate near $23,000 before hitting a high of $24,000 and $25,000.
However, as per Capo, if the Bitcoin bulls fail to move the currency above $21,500 then the currency will enter a bearish trend. If this happens, Bitcoin would fall to $13,725 by the end of 2022.
As the King currency has slightly dropped in the last 24hrs, Capo asserts that the currency formed a low-time frame distribution of not more than $20,500 and $21,200
Before Capo winds up, he asserts that the “shitcoins” are surging and will move towards new heights.
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Source: https://coinpedia.org/bitcoin/top-analyst-predicts-bitcoin-price-target-for-the-end-of-2022/