Analyst Who Predicted 2022 Bitcoin Collapse ‘Still Short’ On Crypto Market: ‘It Clearly Looks Manipulated, No Real Demand’
By Benzinga
A pseudonymous crypto analyst who predicted the 2022 collapse of Bitcoin (CRYPTO: BTC) is still bearish despite the current rallying in crypto market.
What Happened: ‘Capo of Crypto’ told his 713,000 followers on Twitter that he continues to be “short” on the current crypto market.
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For those wondering: I'm totally fine. Just disconnecting from all the Twitter negativity and focusing on charts/enjoying life. There's no point tweeting when there's no change.
And yes, still short and strong. Interesting week ahead.
— il Capo Of Crypto (@CryptoCapo_) January 29, 2023
This comes at a time when Bitcoin rallied 43% in a month with analysts predicting the apex crypto to reach $30,000 easily.
This is your daily reminder that $30K Bitcoin is a magnet.
If we’re being honest though, $40K+ is too.
— K A L E O (@CryptoKaleo) January 29, 2023
Capo on Jan. 21 said with the way the price is shooting up, testing high timeframe resistances, “it clearly looks manipulated, no real demand. Once again, the biggest bull trap I've ever seen. But they won't trap me.”
I've been checking charts all this time, avoiding noise from Twitter. The way the upward movement is happening, the way htf resistances are being tested… it clearly looks manipulated, no real demand.
Once again, the biggest bull trap I've ever seen. But they won't trap me.
— il Capo Of Crypto (@CryptoCapo_) January 21, 2023
Price Action: At the time of writing, BTC was trading at $23,661 up 2% in the last 24 hours, according to Benzinga Pro data.
