Analyst Who Accurately Predicted Bitcoin and Crypto Bear Market Updates BTC, Ethereum and BNB Outlooks

A widely-followed crypto analyst is predicting that Bitcoin (BTC) is about to be squeezed and subsequently nuked.

Pseudonymous analyst Capo explains his reasons to his 501,600 Twitter followers with a new chart suggesting BTC could soon fall to sub-$16,000 levels.

“BTC reasoning:

Shorts have been aping hard, especially below the upper dark zone ($20,700-$20,800). Most of them are expecting $19,000, which has been front run. Stops are sitting above the previous high of $21,800. So liquidity is between $21,800-$23,000.

Squeeze the shorts, then nuke it.”

Source: CryptoCapo_/Twitter

BTC is going for $19,788 at time of writing.

Looking at leading smart contract platform Ethereum (ETH), the trader apparently foresees much of the same fate.

Source: CryptoCapo_/Twitter

According to the crypto analyst’s chart, he thinks ETH’s value will rise slightly this month before crashing hard into October and November. With ETH currently trading for $1,532, Capo predicts Ethereum could drop by approximately 58% to $650 before the correction finishes.

Capo then looks at Binance Coin (BNB), the fifth largest crypto by market cap. Again, just like BTC and ETH, the pseudonymous trader predicts a steep and precipitous decline for BNB before any sign of a turnaround.

Source: CryptoCapo_/Twitter

With BNB trading for $276 at time of writing, Capo’s chart seems to indicate a fall to at least $193, a potential 30% decrease in value for the Binance token.

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