CryptoCapo trader who predicted the previous market crash expects bitcoin to reach $ 14,000

A cryptocurrency analyst and trader known on Twitter as @CryptoCapo_ has shared his predictions about the future of the leading digital assets with the cryptocurrency community, as he is convinced that the current decline in the value of cryptocurrencies will continue for a long time.

According to Capo, the flagship cryptocurrency could fall to $ 14,000 in the near future. Currently, bitcoin is trading at $ 16,100. The fall of digital assets was influenced by the news of the collapse of the FTT token of the well-known cryptocurrency exchange FTX.

Capo, whose March prediction of a 50% drop in the flagship cryptocurrency has come true, is convinced that altcoins will fall another 30−40% in the near future. At the time of writing, Ethereum is trading at $ 1182, down 15% over the past 24 hours.

Despite the uncertainty of the cryptocurrency market, some investors see the bearish trend as an opportunity to lay the foundation for future gains. In particular, 92% of cryptocurrency holders consider the current value of bitcoin and ethereum to be attractive for purchase.