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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/expert-predicts-upcoming-downtrend-for-bitcoin-and-altcoins" rel="noopener noreferrer nofollow">Expert Predicts Upcoming Downtrend for Bitcoin and Altcoins</a><br></p>
<p style="text-align: justify">In the rapidly fluctuating world of cryptocurrency, investors have been riding a wave of enthusiasm as <a href="https://en.bitcoinhaber.net/bitcoins-critical-threshold-navigating-the-volatile-crypto-market" rel="noopener noreferrer nofollow">Bitcoin</a> recently surpassed the $52,000 threshold. This surge in value also saw Ethereum nudging the $2,800 mark. Nevertheless, a well-known analyst, Crypto Capo, has conveyed a forecast that might temper the prevailing optimism among crypto enthusiasts. Through his analysis, he projects an impending correction for Bitcoin and subsequently for altcoins.</p>
<h2 id="bitcoin-to-face-a-downward-adjustment">Bitcoin to Face a Downward Adjustment</h2>
<p style="text-align: justify">Crypto Capo, sharing insights on his Telegram channel, predicts a forthcoming 15% decline in Bitcoin’s value, targeting a price adjustment to about $45,000. His analysis presents a cautious perspective following the recent price escalation, suggesting that the market should brace for a downward movement in the near term.</p>
<h2 id="altcoins-to-mirror-bitcoin-s-decline">Altcoins to Mirror Bitcoin’s Decline</h2>
<p style="text-align: justify">The analyst’s outlook is not limited to Bitcoin; he also foresees a similar trend for altcoins. As Bitcoin gears up for the anticipated pullback, altcoins are expected to follow suit, with predicted declines ranging between 10% to 15%, affecting the broader cryptocurrency market.</p>
<h2 id="recovery-and-subsequent-fall-predicted">Recovery and Subsequent Fall Predicted</h2>
<p style="text-align: justify">Crypto Capo doesn’t see the correction as the end of market activity. Post-correction, he anticipates a rally for Bitcoin to a lower high between $47,000 and $50,000, marking an approximate 10% recovery. He is more optimistic about altcoins, particularly those with smaller market caps, anticipating they will outperform Bitcoin with even sharper rebounds.</p>
<p style="text-align: justify">However, Crypto Capo signals caution beyond the short-term recovery. He forewarns of a more substantial bearish turn across all cryptocurrencies, indicating his intent to adopt a short position during the anticipated final rise. This dual expectation of initial gains followed by a significant downturn reflects the analyst’s balanced view on potential market movements.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/expert-predicts-upcoming-downtrend-for-bitcoin-and-altcoins" rel="noopener noreferrer nofollow">Expert Predicts Upcoming Downtrend for Bitcoin and Altcoins</a></h5>

Expert Predicts Upcoming Downtrend for Bitcoin and Altcoins

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