Bitcoin continues to appear in the red. After several months of uncontrollable decline, the experts became even more pessimistic. In fact, as the bitcoin is preparing to drop below $20,000, the Capo of Crypto analyst expects it to reach $18,000, which is lower than the highs of the past.
This, and the entire market had been collapsing on its own for several months, prompting the investments and savings of many “crypto bros” as they like to call themselves. Of course, Bitcoin is the most affected of all.
While the latter has peaked at more than $60,000, after a meteoric rise for nearly a year, the hangover is now severe. Almost everything is lost. A few days ago, the price of Bitcoin dropped below $26,000, the first since its popularity exploded. Today, it’s dangerously close to $20,000. And he’s not about to stop.
Capo of Crypto, a well-known cryptocurrency analyst on Twitter, is particularly pessimistic. According to his estimates, the coin could drop to $18,000 in the next few days and then stabilize. Note that Capo of Crypto had already predicted a drop of around $20,000 a few days ago, which is a prediction that has therefore been proven correct.
Investors are wondering what they can do in such a desperate situation. The Capo of Crypto has a clear answer: “Do nothing. According to him, we have to wait for the price to rise, which should happen one day according to Bitcoin history. But until then, it is better not to touch your wallets until the situation stabilizes. You have been warned.”
