give His 232,000 Twitter followers for potential bottoms on BTC and ETH, along with smart contract platforms Solana (SOL) and Cardano (ADA).
“Potential bottoms:
BTC $40,000
ETH $3,000
ADA $1.02
SOL $125.”
Looking at Bitcoin, the analyst says that he is expecting a scenario where BTC dips slightly below $40,000 before rallying sharply and reclaiming $50,000 once again.
“Expecting something like this for the bottom lineup
The blue line is $40,000
According to Capo, Bitcoin’s current price range is present will ultimately be one of the most important trading entries of 2022.
“I am buying between $40,000-$45,000. This is one of the best home buying opportunities this year.
Consolidating under $40,000 will prove me wrong. “
As for Cardano, Capo thinks ADA will continue to drop below the current price levels and end up around the $1.00 range before reversing its trend.
“ADA breaks support and goes straight to buy zone.”
While the crypto trader’s outlook on Cardano looks bearish, his long-term forecast is more optimistic than most. Last month, Capo made a prediction on Cardano that made ADA 600% higher than the current price. He said that if ADA can hold the $1.00 level, a recovery to $10 in this market cycle is conceivable.
Veronika Yeroshenko / Vladimir Sazonov