An analyst known for nailing the end of the 2021 crypto cycle to believe that the decline in Bitcoin was designed under $ 80,000 to lure BTC bears to think that the bull market is over.
Pseudonymous Analyst Capo tells His 942,200 followers on the social media platform X that he thinks Bitcoin is now a process to cut a mid-bull cycle bottom after a substantial correction of the all time of around $ 110,000.
According to the trader, the fall of BTC is a low point of $ 76,000 a tray or a false breakdown that would lead to a sharp bullish reversal with altcoins that leads the attack.
“Bear Trap went lower than expected, but the local soil must be in or very close.
A strong relief bumper is probably in the coming days, with altcoins being expected to surpass Bitcoin. “
On the Instant Messaging platform Telegram, Capo out That he starts to see signs of strength for Bitcoin and Altcoins in the lower time frames.
“Ideally, BTC has to win back $ 84,000 and ETH $ 2,000 for Bullish Continuation …
Most altcoins receive great support after a strong correction.
Many people sell panic at these levels. Others wait for lower prices.
Funds are very negative and confirm the bearish sentiment.
There is a lot of liquidity at the top. “
At the time of writing, Bitcoin acts for $ 82,765 and Ethereum (ETH) is worth $ 1,926.
To support his bullish attitude on Altcoins, Capo says that he looks closely in the total2 graph, an alto index that keeps track of the market capitalization of all crypto assets, excluding Bitcoin and Stablecoins.
The Trader shares a graph that suggests that Totaal2 has successfully tested a crucial support area at $ 971 billion.
A Bullish Total2 graph indicates that the Altcoin market is gathering. At the time of writing, TOTAL2 $ 1 trillion is worth after falling to a low point of 2025 of $ 974 billion.
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