Crypto Analyst Who Predicted 2022 Bitcoin Meltdown Says BTC Has Reached A ‘Local Bottom’

Bitcoin closed around $20,000 on Saturday, and on Sunday, the cryptocurrency dropped 1.55% to $19,708. Bitcoin is down 58.9% from the year’s high of $48,234 on March 28. The pseudonymous crypto analyst Capo has predicted that the overall cryptocurrency market will see a downfall, and accurately mentioned Bitcoin’s crash this year. Capo said that BTC was able to maintain a local bottom due to selling volume dying off. The short-term prediction for an imminent Bitcoin rally looks good, which will be followed by a steep correction.

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