Bottom Is Close for Bitcoin and Ethereum, According to Popular Crypto Analyst – Here’s How Low the Markets Could Go

As Bitcoin (BTC) and the broader cryptocurrency markets falter, a popular crypto analyst sees an end in sight.

Over the past 24 hours, Bitcoin is down 6% and Ethereum (ETH) is down more than 10%, reflecting the mood of the crypto markets in general, which are down 1% over that period.

The traditional and digital asset markets saw a massive sell-off on speculation of a rate hike from the US Federal Reserve.

The market crash comes as a surprise to many traders. However, the crypto-analyst Capo is widely followed Believes The bottom is close.

“Reading very bearish comments today.

The bottom is near.”

capo points The price action of altcoins like Cardano (ADA) to support his argument that a bottom is near but not yet.

“One of the main reasons why I think [the] The bottom has not yet entered because many alternatives like ADA have not taken the lows yet. “

source: CryptoCapo_ / Twitter

Looking at the leading smart contract platform Ethereum, Capo too be seen Price drops before reaching all-time highs.

“ETH was kind of scary and it still is.

Be careful trying to catch the dips, because a wick of less than $3,000 is possible.

The bottom is not inside yet. “

source: CryptoCapo_ / Twitter

capo too Highlights $40,000 range as base support for BTC.

“Altcoins against BTC also look bearish on lower time frames, so BTC should hold out better in the final phase of the decline.

I don’t expect less than 40 thousand.”

Still, capo urging That his followers remain optimistic that the bull market will continue.

Note: This is not the end of a bull market, but the end of the little bear market we just had.

The dips are for buying (with caution).”

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