Bitcoin

KOL Capo points to a possible low point for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Cardano (ADA)

The analyst who is nicknamed “Capo” is show potential lows for Bitcoin (BTC) and Ethereum (ETH) along with smart contract platforms Solana (SOL) and Cardano (ADA) which he believes will reverse the trend and become bullish.

“Potential lows: BTC ($ 40,000), ETH ($ 3,000), ADA ($ 1.02), and SOL ($ 125).”

Turning to Bitcoin, Capo anticipates a scenario in which the price will drop slightly below $ 40,000 before rebounding sharply and recapturing $ 50,000 again.

“Expect a possible bottoming out. The blue line is $ 40,000 ″.

Bitcoin price chart | Source: Capo / Twitter

According to Capo, the current price range of Bitcoin is included show that this is one of the most important trading points of 2022.

“I buy between $ 40,000 and $ 45,000. This is one of the best buying opportunities this year. Consolidation below $ 40,000 will prove otherwise. “

As for Cardano, the analyst believes ADA will continue to fall below current price and end around the $ 1 mark before the trend reverses.

“ADA breaks through the support and goes straight to the buy zone.”

ADA price table | Source: Capo / Twitter

While the outlook for Cardano is pessimistic, its long-term forecast is quite optimistic. Last month was Capo show predicts an increase in ADA price of more than 600% from current levels. He said that if ADA can hold $ 1 it can rally to $ 10 this market cycle.

ADA price table | Source: Twitter

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.