The renowned analyst who correctly predicted the 2022 Bitcoin<\/a> collapse has been accused of inaccurate predictions and pumping low-cap altcoins.\u00a0<\/strong><\/p>\n Traders, whales, and HODLers<\/a> might govern the crypto market trajectory<\/a> but analysts, more often than not govern the market sentiment acting as a guiding light for many in the space.\u00a0<\/p>\n Pseudonymous crypto analyst Il Capo of Crypto has a tightly knit follower base on Twitter of around 541.9K followers. <\/p>\n The crypto analyst was recently blamed for \u201cengaging in cherry picking,\u201d by another cryptocurrency and finance researcher who goes by the name of FatManTerra on Twitter.\u00a0<\/p>\n In a detailed Tweet, FatMan presented a chart of Bitcoin\u2019s price alongside Crypto Capo\u2019s Tweets after the BTC<\/a> all-time high. An interesting comparison shows how Capo\u2019s bottom analysis was followed by higher losses<\/a>. Notably, most of Crypto Capo\u2019s prediction around BTC price was in fact negated by the real price action. <\/p>\n On 29 Nov, after the BTC all-time high Capo advised his followers that \u201cHODL is the way.\u201d<\/p>\n On the contrary, after Nov. 29, BTC saw a bullish push of over 10% in the lower time frame while the coin\u2019s long-term trajectory tilted towards bearish pulling down its price by over 20% in just one week. <\/p>\n Yet again, in early Jan., Capo predicted that BTC bottom was close. At that time, Bitcoin\u2019s price oscillated near the $43,000 mark. From the day of the Tweet till Feb. 1, BTC\u2019s price noted a 17% drop, falling to a low of $32,000 in the following days. <\/p>\n It seems we nailed the bottom 🤝<\/p>\n \u2014 il Capo Of Crypto (@CryptoCapo_) January 13, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n On Jan. 13, Capo once again celebrated a BTC bottom at the $43,000 mark when in reality BTC price saw a retest of the lower $32,000 over the next 10 days. Additionally, around the same time, BTC RSI<\/a> was trending lower presenting a high sell-side pressure. <\/p>\n $BTC<\/a><\/p>\n In my opinion this is going to $55k in the next few days<\/p>\n \u2014 il Capo Of Crypto (@CryptoCapo_) December 22, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Around Dec., when Bitcoin\u2019s price was at $48,000 mark Capo\u2019s predictions of a rise to $55,000 were also invalidated as BTC faced a strong rejection at the $50,500 mark. <\/p>\n Expecting little bit lower on $BTC<\/a> and $ETH<\/a>, and even lower on altcoins. <\/p>\n Short-term bottom is not in yet, but 40k was absolute bottom imo.<\/p>\n \u2014 il Capo Of Crypto (@CryptoCapo_) January 18, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n On Jan. 18, Capo called the $40,000 bottom but the same did not play out and price fell down to the $32,000 level over the following week invalidating the analyst\u2019s bottom prediction yet again. <\/p>\n On the contrary, when the analyst placed bearish bets on BTC\u2019s price on 22 Jan., Bitcoin price appreciated by 25% in the following week after Capo\u2019s \u2018predictions of a wick under $30K.\u201d<\/p>\n This is not over yet imo, high probability of a wick under 30k.<\/p>\n \u2014 il Capo Of Crypto (@CryptoCapo_) January 22, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Finally, once again on 23 Jan. Capo presented how he was more invested in USDT due to the shaky BTC price but in reality, Bitcoin price saw a mid-short term boost before falling. <\/p>\n Interestingly, in March 2022 when BTC was oscillating around the $40,000 mark the analyst accurately predicted that Bitcoin price would collapse by up to 50%. <\/p>\n However, the same didn\u2019t stand true for his March 2021 prediction when he anticipated that BTC was going to be trading between $200,000 and $500,000 before March 2022.<\/p>\n Here’s my bet:$BTC<\/a> top for this cycle will be between $200k and $500k before March 2022.<\/p>\n \u2014 il Capo Of Crypto (@CryptoCapo_) March 11, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Fast forward to this March, BTC was in fact forming a bear flag after experiencing a 50% correction between Nov. 2021 and Jan. 2022. The bearish formation was confirmed in late April 2022, leading to a 56% downtrend that saw Bitcoin hit $17,600 in mid-June.<\/p>\n All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.<\/p>\n<\/p><\/div>\nAnalysis or cherry-picking?<\/h2>\n
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Capo shot in the dark\u00a0<\/h2>\n
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Disclaimer<\/h3>\n