This Crypto Trader Successfully Predicted Bitcoin Price To Fall

JAKARTA – Before the crypto market collapsed like it is today, crypto trader Il Capo of Crypto (@CryptoCapo_) had predicted the price of BTC to break through to 21,000 US dollars per coin. Recently the crypto analyst who goes by the pseudonym updated his prediction.

Capo thinks that Bitcoin will fall even deeper, to below 21,000 US dollars. According to him, currently the market is moving very aggressively.

“Important: Now that the market is moving more aggressively is when emotions start to look strong,” said Capo.

He further advised traders to stick to the main target, not to panic, and to avoid reading the news. The suggestion was conveyed by Capo on June 13 yesterday through his Twitter post.

Last week, Capo warned that Bitcoin's brief rally from 27,500 US dollars to 28,228 US dollars would trap traders who view BTC as entering a bullish phase.

DailyHodl reports that Capo warns the altcoin market as a whole has the potential to suffer a larger percentage drop than BTC.

He regularly updates his altcoin targets amid market meltdowns on Mondays, and appears to be getting closer to his overall range of declines. Capo sees a potential drop in altcoins by 25-35 percent and Bitcoin by 13-17 percent.

"It could happen today," Capo wrote in a Twitter post.

As of writing, Bitcoin price is down 7.1 percent in the last 24 hours. Bitcoin was trading at 22,171 US dollars per BTC as of 18:20 WIB, 14 June 2022.