{"id":41345,"date":"2023-01-15T21:03:46","date_gmt":"2023-01-15T21:03:46","guid":{"rendered":"http:\/\/egrowonline.com\/?p=41345"},"modified":"2023-01-15T21:03:46","modified_gmt":"2023-01-15T21:03:46","slug":"crypto-analyst-issues-bitcoin-ethereum-warning-after-btc-explodes-over-20k-theres-a-problem-for-bulls","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=41345","title":{"rendered":"Crypto Analyst Issues Bitcoin, Ethereum Warning After BTC Explodes Over $20K: &#8216;There&#8217;s A Problem For Bulls&#8217;"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"core-block\">The pseudonymous crypto analyst <strong class=\"core-block\">Capo<\/strong> says that the recent rallies in the cryptocurrency market mean nothing, and new lows are still likely.\u00a0<\/p>\n<p class=\"core-block\"><strong class=\"core-block\">Bitcoin<\/strong> <span class=\"ticker\" data-ticker=\"BTC\/USD\" data-exchange=\"CRYPTO\">BTC\/USD<\/span> has rallied 21% in the last seven days, and <strong class=\"core-block\">Ethereum<\/strong> <span class=\"ticker\" data-ticker=\"ETH\/USD\" data-exchange=\"CRYPTO\">ETH\/USD<\/span> has rallied 23%. But Capo says the market\u2019s bounce hasn\u2019t invalidated <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/23\/01\/30346291\/bitcoin-pushing-past-17k-not-enough-to-convince-analyst-who-first-predicted-2022-collapse-\" class=\"core-block\" rel=\"noopener\">his bearish outlook.<\/a>\u00a0<\/p>\n<p class=\"core-block\">He believes Bitcoin still needs to successfully break its resistance around the $21,000 to $22,000 area.<\/p>\n<p class=\"core-block\">At the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.\u00a0<\/p>\n<p class=\"core-block\">According to the crypto analyst, similar resistance is visible in the case of Ethereum. Therefore, he doubled\u00a0down on bearish price targets, anticipating a drop to\u00a0$600 for ETH.<\/p>\n<p class=\"core-block\">At the time of writing, Ethereum was trading at $1,547, up by 22% in the last seven days.\u00a0\u00a0<\/p>\n<\/p>\n<p class=\"core-block\">Earlier in November, Capo\u00a0predicted that<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29797670\/crypto-analyst-who-predicted-bitcoin-collapse-now-says-drop-to-lower-levels-will-happen-in\" class=\"core-block\" rel=\"noopener\"> <\/a>Bitcoin would head to<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29797670\/crypto-analyst-who-predicted-bitcoin-collapse-now-says-drop-to-lower-levels-will-happen-in\" class=\"core-block\" rel=\"noopener\"> new bear market lows<\/a>.\u00a0<\/p>\n<p class=\"core-block\"><em class=\"core-block\">Read Next:\u00a0<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/07\/28092829\/this-wolf-of-wall-street-says-he-was-wrong-about-bitcoin-heres-why\" class=\"core-block\" rel=\"noopener\">The Wolf Of Wall Street Says He Was Wrong About Bitcoin: &#8216;I Really Hated Crypto&#8217;<\/a><\/em><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMimQFodHRwczovL3d3dy5iZW56aW5nYS5jb20vbWFya2V0cy9jcnlwdG9jdXJyZW5jeS8yMy8wMS8zMDQyNDA0MC9jcnlwdG8tYW5hbHlzdC1pc3N1ZXMtYml0Y29pbi1ldGhlcmV1bS13YXJuaW5nLWFmdGVyLWJ0Yy1leHBsb2Rlcy1vdmVyLTIway10aGVyZXMtYS1wcm9ibGXSAQA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pseudonymous crypto analyst Capo says that the recent rallies in the cryptocurrency market mean nothing, and new lows are still likely.\u00a0 Bitcoin BTC\/USD has rallied 21% in the last seven days, and Ethereum ETH\/USD has rallied 23%. But Capo says the market\u2019s bounce hasn\u2019t invalidated his bearish outlook.\u00a0 He believes Bitcoin still needs to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41346,"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":[41],"tags":[8526,646,50,194,211,62,158,3254,1824,109,425],"class_list":["post-41345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-20k","tag-analyst","tag-bitcoin","tag-btc","tag-bulls","tag-crypto","tag-ethereum","tag-explodes","tag-issues","tag-problem","tag-warning"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/01\/bitcoin_ethereum_storm.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41345","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=41345"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41345\/revisions"}],"predecessor-version":[{"id":41347,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41345\/revisions\/41347"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/41346"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41345"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}