Bitcoin

April

<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/is-bitcoin-on-the-brink-of-a-new-rally-crypto-analytics-platform-shares-key-metrics/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> Capo</strong>, a well-known figure in the cryptocurrency market with his bearish predictions, announced new levels for <a href="https://coin-turk.com/bitcoin-btc-yeniden-26-000-dolar-seviyelerine-geriledi-analiste-gore-bu-fiyat-seviyeleri-kritik" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> today on his Telegram page. The <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> also emphasized what his approach would be. He drew attention to the expectation of $40,000 and above for <a href="https://en.coin-turk.com/5-different-reasons-for-the-bitcoin-drop-and-what-to-expect-in-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>. In such a case, he stated that he would not be able to take a short position.</p>
<h2 style="text-align: justify" id="crypto-capo-s-views-on-market-dynamics">Crypto Capo’s Views on Market Dynamics</h2>
<p style="text-align: justify"><strong>Crypto Capo</strong> presents an up-to-date view of the cryptocurrency market by highlighting the key indicators and potential scenarios that investors need to closely monitor.</p>
<p style="text-align: justify">According to Crypto Capo, the current situation has brought about a widespread expectation that the price of BTC will reach $40,000 and above. This expectation reveals a deviation above previous high levels. However, according to Capo, the greed and overconfidence in the market reminds him of March and April of 2022.</p>
<p><img decoding="async" class="wp-image-280816 size-full alignnone" src="https://coin-turk.com/wp-content/uploads/2023/11/capo-btc-bitcoin-cointurk.png" alt="crypto capo" width="1384" height="754"></p>
<p style="text-align: justify">Capo believes that the conditions observed when the prices were at the $45,000-$48,000 level at that time are now being experienced again. Therefore, he advises caution. Despite the similarities, Crypto Capo points out an important difference: while the current price is significantly lower, the funds have reached their all-time highs.</p>
<h2 style="text-align: justify" id="market-sensitivity-and-manipulation-a-delicate-balance">Market Sensitivity and Manipulation: A Delicate Balance</h2>
<p style="text-align: justify">Crypto Capo claims that the validity of the bear market rally/manipulation thesis will ultimately be determined by the market. The analyst, who presents a clear perspective, suggests that if this thesis holds, a complete withdrawal could quickly emerge within a few days or weeks. Referring to this uncertainty, Crypto Capo prefers to wait for now.</p>
<p><img decoding="async" class="wp-image-280817 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/btc-bitcoin-capo-cointurk.jpg" alt="btc bitcoin capo cointurk" width="1280" height="733"></p>
<p style="text-align: justify">Capo defines the $30,000-$31,000 level as a potential support zone supported by its historical significance. Highlighting the turning point of support and resistance, Crypto Capo expects a short-term rebound if this level is reached.</p>
<p style="text-align: justify">However, he states that if a break below $35,000 occurs, this would confirm the downward trends and likely lead to Bitcoin falling below $30,000.</p>
<p style="text-align: justify">According to Capo, if this happens, the $25,000 support will be questioned due to multiple tests and a trend break. It will be seen as a potential route for a $12,000 target in Bitcoin.</p>
<h2 style="text-align: justify" id="crypto-capo-does-not-enter-new-positions">Crypto Capo Does Not Enter New Positions</h2>
<p style="text-align: justify">Considering the current uncertainties, Crypto Capo refrains from opening new positions until further confirmation emerges. The analyst’s cautious approach reflects the importance of navigating the market carefully amid evolving conditions and potential changes in sensitivity.</p> Continue Reading: <a href="https://en.coin-turk.com/crypto-capo-reveals-new-levels-for-bitcoin-and-his-approach/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/crypto-capo-reveals-new-levels-for-bitcoin-and-his-approach/</a>

Crypto Capo Reveals New Levels for Bitcoin and His Approach

목차

COINTURK NEWS

2023년 11월 24일에 게재된 다른 기사

Binance’s New CEO Unveils Bold Vision For The Crypto Titan

Three Wide Moat Stocks Set Up For a 2024 Uptick

Nansen Users Swamped With Phishing Emails After Data Leak

Binance Will Participate in the Abu Dhabi Finance Week Event 2023

Breaking: Montenegro court approves Do Kwon’s extradition

European Banking Authority Calls for Enhanced Anti-Money Laundering Rules for Crypto Providers – ...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!