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Crypto Analyst CryptoCapo Predicts BTC Bottom Could Reach $11.5K

Published 2023-01-05, 09:53 a/m
© Reuters. Crypto Analyst CryptoCapo Predicts BTC Bottom Could Reach $11.5K

Coin Edition -

  • Crypto Analyst states that a chart is worth a thousand words.

  • The potential bottom BTC could reach $11,500-$12,000, states CryptoCapo

  • The RSI of BTC is at 56.41, denoting the sideways movement will continue.

Crypto Analyst CryptoCapo made a succinct statement wherein he pointed out that in the phase where altcoins shred 50-90% of their price, the potential bottom that BTC could reach was in the range between $11,500-$12,000.

He conveyed his message by saying that a chart was worth a thousand words. The analyst made this comment by paraphrasing the saying that goes, “a picture is worth a thousand words”.

BTC opened the market for the past week trading at $16,570 as shown in the chart below. During the first four days of the ...

The post Crypto Analyst CryptoCapo Predicts BTC Bottom Could Reach $11.5K appeared first on Coin Edition.

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