Analyst Warns of Bitcoin's Imminent Local Top Amid Market Heat
TL;DR Summary
Pseudonymous analyst Capo, known for predicting the 2022 crypto collapse, warns that Bitcoin may soon hit a local top and retrace its recent gains. He cites overly bullish market sentiment, the US government's potential Bitcoin sales, and political uncertainties as reasons for a possible correction. Capo also notes the strength of the US dollar and weakness in altcoins as indicators of an impending market downturn. Bitcoin is currently trading at $98,994.
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