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Home»ALTCOIN NEWS»Trader Achieving BTC Crash in 2022 Predicts Ethereum Rally and Continues Bullishness for Cryptocurrency Markets.
ALTCOIN NEWS

Trader Achieving BTC Crash in 2022 Predicts Ethereum Rally and Continues Bullishness for Cryptocurrency Markets.

By Crypto FlexsJune 9, 20242 Mins Read
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Trader Achieving BTC Crash in 2022 Predicts Ethereum Rally and Continues Bullishness for Cryptocurrency Markets.
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The trader who correctly called a 2022 collapse for Bitcoin (BTC) thinks Ethereum (ETH) is poised to bounce back to all-time highs.

Capo, a pseudonymous analyst, told his 847,900 followers on social media platform

“ETH “It looks good that the strength will continue.”

Source: Capo/X

Based on the trader charts, he appears to be predicting that Ethereum will rise to $4,100 before undergoing a slight correction and moving towards an all-time high of around $4,900.

As of this writing, the value of Ethereum is $3,683, down slightly over the past day.

Looking at the broader cryptocurrency market, Capo said last Friday’s market-wide correction was most likely a selling event designed to wave weak hands. According to analysts, if BTC remains above $69,000 and ETH trades above $3,600, the cryptocurrency will see another uptrend.

“Strong sell on support. Alts have suffered more, but to be honest, they seem to be shaky. “If these support levels hold, we could soon see continued strength.”

video
Source: Capo/X

As of this writing, Bitcoin is worth $69,429.

Capo also said he still believes the altcoin will spark a surge this month, even after last Friday’s correction.

“I think June could be a really good month for altcoins.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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