{"id":4076,"date":"2022-01-07T06:31:05","date_gmt":"2022-01-07T06:31:05","guid":{"rendered":"http:\/\/egrowonline.com\/?p=4076"},"modified":"2022-01-07T06:31:05","modified_gmt":"2022-01-07T06:31:05","slug":"bottom-is-close-for-bitcoin-and-ethereum-according-to-popular-crypto-analyst-heres-how-low-the-markets-could-go","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=4076","title":{"rendered":"Bottom Is Close for Bitcoin and Ethereum, According to Popular Crypto Analyst \u2013 Here\u2019s How Low the Markets Could Go"},"content":{"rendered":"


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While Bitcoin (BTC) and the wider crypto markets stumble, one popular crypto analyst sees an end in sight.<\/p>\n

Over the past 24-hours,\u00a0Bitcoin<\/a>\u00a0has dropped 6% and\u00a0Ethereum<\/a>\u00a0(ETH) over 10%, reflecting the mood of the overall crypto markets, which have\u00a0dipped<\/a>\u00a01% during that time.<\/p>\n

Traditional and digital asset markets have undergone massive selloffs due to\u00a0interest rate<\/a>\u00a0hike speculation from the U.S. Federal Reserve.<\/p>\n

The market crash comes as a surprise to many traders. However, the widely-followed crypto analyst Capo\u00a0believes<\/a> the bottom is near.<\/p>\n

\u201cReading very bearish comments today.\u00a0<\/em><\/p>\n

Bottom is close.\u201d<\/em><\/p>\n

Capo\u00a0points<\/a>\u00a0to the price action of altcoins like\u00a0Cardano<\/a>\u00a0(ADA) to support his argument that the bottom is close but not in yet.<\/p>\n

\u201cOne of the main reasons why I think [the] bottom is not in yet is because many alts like ADA haven\u2019t taken the lows yet.\u201d<\/em><\/p>\n

\"Image\"
Source: CryptoCapo_\/Twitter<\/a><\/figcaption><\/figure>\n

Looking at leading smart contract platform Ethereum, Capo also\u00a0sees<\/a>\u00a0the price driving lower before reaching new all-time highs.<\/p>\n

\u201cETH was kinda scary and it still is.\u00a0<\/em><\/p>\n

Be careful trying to catch the dips, because a wick below $3,000 is possible.\u00a0<\/em><\/p>\n

Bottom is not in yet.\u201d<\/em><\/p>\n

\"Image\"
Source: CryptoCapo_\/Twitter<\/a><\/figcaption><\/figure>\n

Capo also\u00a0highlights<\/a>\u00a0the $40,000 range as crucial BTC support.<\/p>\n

\u201cAlso, altcoins against BTC look bearish on lower timeframes, so BTC should hold better the last leg down.\u00a0<\/em><\/p>\n

Not expecting lower than 40k.\u201d<\/em><\/p>\n

Still, Capo urges<\/a> his followers to remain optimistic that the bull market will continue.<\/p>\n

\u201cNote: this is not the end of the bull market, but the end of the mini bear market that we just had.\u00a0<\/em><\/p>\n

Dips are for buying (being cautious).\u201d<\/em><\/p>\n

Check Price Action<\/a><\/span><\/em>
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Oxa\/monkographic\/S-Design1689<\/em><\/span><\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While Bitcoin (BTC) and the wider crypto markets stumble, one popular crypto analyst sees an end in sight. Over the past 24-hours,\u00a0Bitcoin\u00a0has dropped 6% and\u00a0Ethereum\u00a0(ETH) over 10%, reflecting the mood of the overall crypto markets, which have\u00a0dipped\u00a01% during that time. Traditional and digital asset markets have undergone massive selloffs due to\u00a0interest rate\u00a0hike speculation from the […]<\/p>\n","protected":false},"author":1,"featured_media":4077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[646,50,828,752,62,158,164,89,587],"class_list":["post-4076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-analyst","tag-bitcoin","tag-bottom","tag-close","tag-crypto","tag-ethereum","tag-heres","tag-markets","tag-popular"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/bottom-close-bitcoin-ethereum.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4076"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4076\/revisions"}],"predecessor-version":[{"id":4078,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4076\/revisions\/4078"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/4077"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4076"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}