A well-known crypto analyst who accurately predicted the market collapse of 2022 is now cautioning thatBitcoin(CRYPTO: BTC) may be nearing a local top.
What Happened:Pseudonymous analystCapobelieves that certain indicators suggest Bitcoin could face a pullback in the near future. The analyst, recognized for their precise market calls, has shared their concerns about Bitcoin's current trajectory.
In a recent post on Telegram, the crypto expert pointed to factors like overextended bullish sentiment and waning momentum as signs that a correction might be imminent.
Bitcoin has recently experienced a significant recovery, climbing past $37,000 after a prolonged...
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Recent reports indicate that a Bitcoin investor turned a $120 investment into a staggering $179 million over a 14-year period. The investor purchased 2,000 Bitcoin in 2010 for $0.06 each and recently transferred them to the American crypto exchange, Coinbase. This move is presumed to be a step towards selling the digital asset.
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