A popular crypto analyst, Il Capo of Crypto, is back on social media after a two-month break. He’s got some interesting predictions about Bitcoin and Ethereum.
Capo Sees a Bearish Future for Ethereum
Capo, who has been predicting a big altcoin season all year, is now saying that Bitcoin and Ethereum might take a dip in the short term. He thinks Ethereum could drop as low as $1,800 before bouncing back.
This prediction comes after Ethereum has already fallen by 10% in the past week. Capo believes that this decline could continue, pushing Ethereum down to the $1,800 to $2,000 range.
Is Capo’s Prediction a Joke?
Capo has a reputation for making bold predictions, and sometimes the market does the opposite of what he says. Last year, he predicted Bitcoin would fall to $12,000, but it ended up going higher.
So, with the market feeling bullish right now, some investors are wondering if Capo’s prediction of an Ethereum dip is a bit far-fetched.
Is It Time to Buy Ethereum?
Even though Capo is predicting a dip, he still believes that Ethereum will do well in the long run. Many investors are seeing this recent decline as a good opportunity to buy more Ethereum, hoping to catch the next upswing.
It’s impossible to know for sure what will happen next in the crypto market. But with all the recent investments flowing into the market, it wouldn’t be surprising if Ethereum rebounds soon.
