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.
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.
High-profile crypto trader James Wynn has begun paring down his Bitcoin holdings after riding the latest wave to new all-time highs.
Bitcoin briefly touched $111,000, marking a new all-time high before sliding back to around $108,000.
Bitcoin’s latest record-setting run has reignited chatter across the crypto markets—not just about BTC, but about what comes next.
Despite Bitcoin cooling off to around $108,000 after recently breaking above $110K, derivatives data shows that large traders are still betting big on a major rally.