Top Crypto Trader Warns of an Unfolding Bitcoin (BTC) Bull Trap, Predicts Ethereum (ETH) Will Drop Over 50%

-Crypto analyst Capo says that Bitcoin is in a downtrend and warns that buying BTC when the price seems to recover could result in massive losses.

-He cites Bitcoins price surge before the Federal Reserves announcement to raise interest rates on Wednesday. Bitcoin has since dropped.

-Capo also says that Ethereum, which is currently changing hands at $2,750.73 after losing 6.23% of its value in the last 24 hours, could also drop to as low as $1,100.

-The analyst says that ETH is now in a distribution phase, which could indicate the price direction of the leading smart contract platform.

-Capo warns traders to be particularly cautious of bull traps amid the bear market.

eth flips btc Top Crypto Trader Warns of an Unfolding Bitcoin (BTC) Bull Trap, Predicts Ethereum (ETH) Will Drop Over 50%
Top Crypto Trader Warns of an Unfolding Bitcoin (BTC) Bull Trap, Predicts Ethereum (ETH) Will Drop Over 50% 2

Leave a Reply