Wednesday, September 30, 2020
No menu items!
  • News
  • Contact Us
More

    A Historically Accurate Analyst Speaks about What Is Next For Bitcoin (BTC)

    Must Read

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about...

    IOTA Implements Mana to Defend Against Sybil Attacks

    IOTA Foundation has implemented Mana, a new reputation system that is integrated into pollen, to defend against Sybil attacks....
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    A crypto trader and analyst, identified on Twitter as “il Capo of Crypto”, who accurately predicted the price drop of Bitcoin (BTC) to $3,000 region earlier this year, has recently stated that the leading cryptocurrency could dip towards $11,000 once again.

    Over the past few weeks, Bitcoin (BTC), the largest digital currency by market capitalization, has been trending back and forth within $11,000 and $12,000 price levels. There have been lots of mixed predictions and analyses regarding its price trend.

    Bitcoin (BTC) To Trend Towards $11,000 Once Again

    On 13th August 2020, il Capo of Crypto shared a chart that indicates his opinion about a possible drop of Bitcoin towards $11,000.

    According to the analyst, an attempt to lose the $11,000 lows on the second test would bring the price of BTC down to $9,200. He, however, opined that Bitcoin could trend to surpass $14,000 if it breaks and consolidates above $12,000 resistance.

    A Historically Accurate Analyst Speaks about What Is Next For Bitcoin (BTC)
    Courtesy of TradingView

    In a tweet on 5th August 2020, the analyst opined that altcoins would keep performing excellently well as long as Bitcoin (BTC) stays above $10,500 support level.

    Capo of Crypto tweeted, “11500-11700, then down to test the 10400-10500 support zone, which should hold for a while. Looking for longs above that level and shorts below it. Altcoins should perform very well as long as BTC stays above 10.5k -> $EOS, $XTZ, $XRP, $XLM…”

    A Historically Accurate Analyst Speaks about What Is Next For Bitcoin (BTC)

    Earlier this year, Capo of Crypto accurately predicted that BTC and XRP would revisit $3,000 and $0.11 price regions respectively.

    Bitcoin (BTC) Recent Price Trend

    Over the past few weeks, Bitcoin (BTC) has been hovering around $11,000 price level. Some hours ago, BTC experienced a huge dip towards $11,000 mark, before a resurgence that took its digital currency to trade above $11,500.

    Amidst this unstable trend, some altcoins such as Ethereum (ETH), Chainlink (LINK), and a number of minor cryptocurrencies, are proving their capacity of surging without the usual dominance of Bitcoin (BTC).

    Many analysts still believe that the leading crypto is poised to record a new price all-time high before the end of this year, but nothing is certain when it comes to Bitcoin price trend. At press time, BTC is trading at $11,733.34, with a 1.38% price increase in the last 24 hours.

    Join us on Twitter

    Join us on Telegram

    Join us on Facebook




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about the bankers’ digital token from...

    IOTA Implements Mana to Defend Against Sybil Attacks

    IOTA Foundation has implemented Mana, a new reputation system that is integrated into pollen, to defend against Sybil attacks. A blog post that explains...

    Cardano (ADA) You Keep On Crypto Exchanges Don’t Belong To You –User Buttresses His Viewpoint

    A supposed Cardano investor has recently averred that any ADA holder that chose to keep his/her holdings on cryptocurrency exchanges has little control over...

    KuCoin Hack Update: $152.7M in Ethereum, $4.4M in XRP and Other Assets Bring Total Loss to Nearly $200M

    According to an update regarding the historic hack of KuCoin, where several millions of dollars were carted away by con artists in the industry,...

    More Articles Like This