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.
The parent company behind the iconic esports brand Ninjas in Pyjamas (NIP) is taking a sharp turn into the world of Bitcoin mining, signaling a significant evolution from pure entertainment to digital infrastructure.
Mexican billionaire and Bitcoin enthusiast Ricardo Salinas has renewed his warning about the risks of fiat currency systems, urging people to reconsider their financial strategies in light of what he believes is an impending monetary collapse.
A remarkable on-chain event has caught the crypto market’s attention: 10,000 BTC, untouched for over 14 years, were moved earlier today, according to a new report from CryptoQuant.
Bitcoin’s market structure has undergone a dramatic transformation, with Binance surpassing $650 trillion in BTC futures volume since launching the product in September 2019.