crypto analyst Capo warns: Bitcoin and Solana are facing a strong setback after short-term increase

<p> <strong> crypto analyst Capo warns: Bitcoin and Solana are facing a strong setback after short-term increase </strong> </p>

crypto market under pressure: Capos predictions for Bitcoin and Solana

The analyst Capo, known for its precise predictions during the crypto crash 2022, is again concerned about the future development of cryptocurrencies Bitcoin (BTC) and Solana (Sol). In his opinion, both coins could first experience a rally before a significant price decline in price.

Bitcoin on the way to $ 63,000?

capo predicts that Bitcoin may continue to rise in the near future, whereby the $ 100,000 mark could appear within reach. However, this development could be deceptive. According to CAPO, this is a so -called "Bull Trap", which serves to take advantage of the last optimism in the market before a dramatic decrease is used.

his final price for Bitcoin is around $ 63,000, which corresponds to a decline of over 35 % of the assumed high. This downward movement would be particularly painful for investors, especially if they invest during a phase of euphoric market mood.

The Bitcoin course is currently around $ 82,075 after he has undercut the support at $ 84,000. However, Capo does not interpret this decline as a critical break, but rather as a test of the market thickness. It remains optimistic, so that the level of $ 84,000 is still considered crucial. In his opinion, a return towards $ 85,000 could signal strength again.

The assessment of CAPO is supported by developments in the Altcoin sector, where many coins continue to form higher lows. This indicates that despite the current weakness, the overarching market signals are not yet clearly bearish.

Solana: Last increase before the case

Capo also comments on the Solana cryptocurrency, which is currently about $ 124. According to his analysis, the price could increase to $ 180 or even $ 200. However, he then expects a strong drop in the price to around $ 100, which would lose a large part of the previous profits.

Despite the technical strength of Solana compared to other projects, Capo does not rule out that the overall market is attracting again before a larger correction starts.

These assessments contradict the current market mood, in which many traders emerge from a continuing old settlement. However, Capo warns that this positive scenario could only be an intermediate phase. In his opinion, the market is at a critical point, which could convey incorrect security through temporary upward movements before it leads to a drastic decline.