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The largest cryptocurrency by market value, Bitcoin (BTC), fell again after attempting $64,000. Briefly touching $59,600, the price had returned to $60,350 at the time of writing. So, what areas does the latest chart from the star crypto analyst of 2022 highlight?
Top Crypto Analyst
Analysts who understand trends correctly and interpret the market with high success rates become popular periodically. For example, PlanB became everyone’s favorite with pinpoint predictions in the second half of 2021. However, he failed to recognize that the decline after November was not a bear trap but a trend reversal.
Despite this, throughout 2021, he kept writing that the BTC price would refocus on triple-digit targets. Many popular figures, including Vitalik Buterin, started mocking him at one point. While he was being mocked, Crypto Capo took the stage and read the market very accurately in the second half of 2022.
He correctly predicted many major price movements like PlanB. The only difference was the direction. While PlanB accurately predicted upward targets, Capo succeeded in downward targets. Because he read the trend correctly. But he also erred. The analyst, who expected a drop to $12,500, stubbornly stuck to this decision and became the mocked figure in 2023. He and PlanB swapped places. This year, Capo abandoned the story of the biggest bull trap in history and turned bullish again.
In summary, the story of the best crypto analyst is periodic and these periods were not very long. The best analysts became famous in crypto due to their biggest misconceptions.
Capo’s BTC Price Prediction
To get to the point, when BTC was at $61,124, Capo shared a new chart. It mentions that if the decline continues, sales could continue to the previous liquidity zone of $57,200. Additionally, it is clear that closures above $65,000 would accelerate the rally, targeting the liquidity point between $74,000 and $75,000.
Capo is now certain that the direction is upward despite price fluctuations. For this, after the last major declines, the BTC price lingering around the 2021 ATH region needs to surpass $73,777, meet sales up to $75,000, and focus on the triple-digit current cycle target.
