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Crypto Expert Who Called 2022 Market Crash Warns About Bitcoin

Benzinga ·  Nov 24, 2024 19:45

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...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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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.

    JLAPT

    Nov 24, 2024 20:35

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