The crypto market has been on a rollercoaster ride for the past few months, with Bitcoin reaching new highs and then experiencing sharp drops. However, it appears that the market has entered a dormant period, leaving investors wondering what the future holds.
Despite most investors seeing the crypto market as bullish and believing that the market has bottomed, there is one analyst and trader who has a different view. Capo, a renowned analyst trader, has warned his 732,000 Twitter followers to be wary of the current market.
Capo has always held his views and strongly believed that the market was still in a downtrend. When Bitcoin was in a downtrend, he accurately analyzed the points that Bitcoin would touch. However, after Bitcoin started rallying, he still believed that it would continue to go down.
The longer the bear market rally, the more aggressive the drop will be.
Soon.
— il Capo Of Crypto (@CryptoCapo_) March 25, 2023
This shows that no one can truly predict the market with 100% accuracy. Investors should study and plan to deal with the risks that occur, as it will allow them to lose at a level that they can accept.
After his return to action following a long period of silence during Bitcoin’s rally, users have slammed Capo for believing that the crypto market is still bearish. He replied, “Imagine being wrong for months and going completely silent on Twitter, only to come back when the price finally starts to go in your direction to tell everyone you are right.”
Imagine being wrong for months and going completely silent on twitter, only to comeback when price finally starts to go in your direction to tell everyone you are right.
— Castillo Trading (@CastilloTrading) March 25, 2023
Capo’s warning serves as a reminder to investors that the crypto market is still highly volatile and unpredictable. While some may see the current market as bullish, it’s essential to be cautious and manage risks appropriately.
Read more:
- Bitcoin Predicted To Reach $100,000 Mark Within Next 12 Months, Says Messari Co-Founder
- “Capo” Returns And Confirms His Previous Statement: The Market Continues To Be Bearish