Top Crypto Analysts Issue Bitcoin (BTC) Price Alert, Says Critical Phase Could Begin Today

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A widely followed crypto-analyst warns his followers that Bitcoin (BTC) may fall further.

Kabo Crypto Trader tell 337,200 followers on Twitter BTC chart analysis indicates good news for the Bitcoin bears but bad news for the bulls.

“No, this is not bullish.”

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Source: CryptoCapo_ / Twitter

Capo explains his notes by pointing to his painting Share On May 2 of this year, he asked his followers, “How long do you think the ascent? [BTC] Will the channel support hold? »

Source: CryptoCapo_ / Twitter

Capo now believes his May forecast will hold as Bitcoin becomes liquid. capo Think The imminent drop in the price of BTC could bring the leading crypto asset by market cap back to the $22,000 range.

“This idea is still the same.”

Source: CryptoCapo_ / Twitter

With Bitcoin trading at $30,321 at the time of writing, a drop from Capo’s target price of $21,865 would mark a 27% drop in BTC price.

merchant too Believes Bitcoin’s “last phase of decline” could begin today. He bases his analysis on fractals and Fibonacci time extensions, useful mathematical technical analysis tools to help traders anticipate price targets.

“Based on fractals and Fibonacci time extensions, the final phase (surrender) can begin today.

This full range is pure noise for trapping more long distances.”

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Featured Image: Shutterstock/zeber/maksum iliasin

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