Analyst Who Called 2022 Crash Warns of $60K Bitcoin Drop

A prominent crypto analyst known for accurately predicting the 2022 market crash is sounding the alarm on Bitcoin’s current price zone.

Posting under the alias Capo, the analyst warned that Bitcoin could face a deep correction if it fails to maintain support above $92,000.

After rebounding from a low near $75,000 in April, Bitcoin has now entered what Capo describes as a critical range between $92,000 and $98,000.

He notes that holding above $93,000 keeps the outlook bullish—but slipping below $92,000 could open the door to a sharp drop, potentially down to $60,000.

READ MORE:

Metaplanet Launches U.S. Arm in Florida to Expand Bitcoin Strategy

Capo also suggested signs of short-term distribution in this zone, indicating that the current rally may be losing momentum. Despite this, he believes altcoins might still have room to run while Bitcoin hovers in this range, though he’s beginning to take profits.

Meanwhile, on his Telegram channel, Capo reaffirmed his bullish stance on Render (RENDER), a GPU-based decentralized computing platform. The altcoin has surged 60% from his initial entry point, recently reclaiming the $4.25 level. Based on his chart, he expects the next major target to be around $6.58.

Alexander Stefanov