Investing.com - Financial Markets Worldwide

Crypto Analyst CryptoCapo Predicts BTC Bottom Could Reach $11.5K

Published 01/05/2023, 10:53 PM
Updated 01/05/2023, 11:15 PM
© Reuters Crypto Analyst CryptoCapo Predicts BTC Bottom Could Reach $11.5K

  • Crypto Analyst states that a chart is worth a thousand words.

  • The potential bottom BTC could reach $11,500-$12,000, states CryptoCapo

  • The RSI of BTC is at 56.41, denoting the sideways movement will continue.

Crypto Analyst CryptoCapo made a succinct statement wherein he pointed out that in the phase where altcoins shred 50-90% of their price, the potential bottom that BTC could reach was in the range between $11,500-$12,000.

He conveyed his message by saying that a chart was worth a thousand words. The analyst made this comment by paraphrasing the saying that goes, “a picture is worth a thousand words”.

BTC opened the market for the past week trading at $16,570 as shown in the chart below. During the first four days of the ...

The post Crypto Analyst CryptoCapo Predicts BTC Bottom Could Reach $11.5K appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.