Bitcoin (BTC) price experienced a significant drop to $93,000 within the last 24 hours, alongside altcoins reaching new lows. Since the last Federal Reserve meeting, the situation has not been favorable for cryptocurrency investors. The excitement from the election victory has faded, and Powell’s statements have introduced a prevailing fear in the markets. What is Capo, who predicted nearly every dip in 2022, saying now?
2025 Cryptocurrency Predictions
The price of Bitcoin fell to $93,000 after reaching a new all-time high, while altcoins saw substantial losses following a peak of $108,000. Altcoin investors are closely monitoring the ETH price, which has dropped to nearly $1,000 from its previous high of $4,100. The popular cryptocurrency analyst Capo has addressed the current situation.
Sharing the latest status of the ETHBTC pair, he noted that, “Essentially, this pair has been hovering at the same critical long-term (HTF) support level for weeks. It appears to be forming a local bottom that could indicate a potential reversal. If it manages to break above 0.041, this could be a strong bullish signal for ETH and other altcoins.”
The Know-It-All Cryptocurrency Analyst
In 2022, many investors and analysts did not see the downturn in cryptocurrency markets as a major collapse signal. During the rapid reversal of the initial quarter, Capo hinted at deeper lows. While many altcoins had yet to reach significant lows, Capo was persistent about the decline.
The collapse of LUNA vindicated him mid-year, and he avoided being misled by false rallies throughout 2022 by issuing timely warnings. This earned him the title of the all-knowing cryptocurrency analyst of the year. However, as 2023 progressed, Capo struggled to identify when the trend shifted upwards and frequently made incorrect forecasts. As mid-2023 approached, Capo began to believe in a rise and continued sharing his upward predictions for about a year and a half.
