A crypto analyst who correctly predicted the 2022 crypto market crash is forecasting another significant downturn for Bitcoin (BTC) and Solana (SOL).
Bitcoin’s Potential Bull Trap and Crash
The analyst, known as Capo, believes Bitcoin will initially surge to around $100,000, creating a “bull trap”—a deceptive price increase that lures investors before a sharp drop. He suggests this rally will precede a major market correction, pushing BTC down to approximately $63,000. Even with Bitcoin recently dipping below a key support level of $84,000, Capo maintains his prediction, saying he still sees it as a potential bear trap (a deceptive price decrease followed by an upward reversal). However, he emphasizes the need for Bitcoin to reclaim the $84,000-$85,000 range to confirm his bullish outlook. At the time of writing, Bitcoin is trading around $82,936.
Solana’s Predicted Rise and Fall
Capo also forecasts a significant price increase for Solana (SOL), predicting a rally to $180-$200 before a subsequent crash to his target of $100. Currently, SOL is trading at $125.
Disclaimer: This information is for general knowledge and does not constitute financial advice. Always conduct your own research before making investment decisions.
