{"id":138550,"date":"2024-10-04T16:00:38","date_gmt":"2024-10-04T13:00:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138550"},"modified":"2024-10-04T12:07:58","modified_gmt":"2024-10-04T09:07:58","slug":"bitcoin-and-ethereum-could-see-major-declines-analyst-warns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-and-ethereum-could-see-major-declines-analyst-warns\/","title":{"rendered":"Bitcoin and Ethereum Could See Major Declines, Analyst Warns"},"content":{"rendered":"<p>He <strong><a href=\"https:\/\/x.com\/CryptoCapo_\/status\/1841601158114152912\" target=\"_blank\" rel=\"nofollow\">suggests<\/a><\/strong> that both cryptocurrencies could see declines, predicting <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> may drop by as much as 21% and Ethereum by 23% from their current levels.<\/p>\n<p>Capo forecasts that Bitcoin could potentially retest the $48,000 to $50,000 range, while <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> might revisit $1,800 to $2,000. He believes this correction could occur before the start of a more robust altcoin season.<\/p>\n<p>At the time of writing, Bitcoin is priced at $61,400, showing a 6.6% drop over the past week, while Ethereum sits at $2,380, down by 10.6%.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-spot-etfs-face-388-million-outflow-over-three-days\/\" title=\"Bitcoin Spot ETFs Face $388 Million Outflow Over Three Days\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/bitcoin-red.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Spot ETFs Face $388 Million Outflow Over Three Days<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Capo also provided insights into smaller altcoins on his Telegram channel, where he noted that the total market cap for these assets, known as OTHERS, might dip to between $132 billion and $164 billion.<\/p>\n<p>He pointed out that after failing to break through a key resistance level of around $240 billion, these altcoins could drop further, potentially offering a good buying opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent cryptocurrency trader, known by the alias Capo, is taking a bearish stance on Bitcoin (BTC) and Ethereum (ETH) as the market experiences a downturn.<\/p>\n","protected":false},"author":9,"featured_media":3148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,27],"tags":[72],"class_list":["post-138550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin and Ethereum Could See Major Declines, Analyst Warns<\/title>\n<meta name=\"description\" content=\"A prominent cryptocurrency trader, known by the alias Capo, is taking a bearish stance on Bitcoin (BTC) and Ethereum (ETH) as the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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