In 2022, many big cryptocurrency He became the crypto prophet of the year for correctly predicting its movement. However, he constantly viewed the subsequent recovery as a bull trap. Capo became a laughing stock when its predictions did not come true, just like PlanB, which did not give up on the rise after its 2021 predictions. And today he ambitiously shares his new predictions.
Gold and Silver
The analyst, who said that he saw these days for gold and silver exactly 5 years ago, said that the upward trend continues for the 2 assets. Gold is experiencing its best day since the 1970s and is constantly breaking records. Moreover, as interest rate cuts are expected to continue in the upcoming Fed meetings, interest in assets with limited supply continues.
of gold Its rise was largely supported by steady interest rate cuts by central banks other than the Fed. Moreover, since the M2 money supply is still growing today, it would not be a prophecy to say that the rise will continue.
Capo wrote a few minutes ago;
“Silverreaching new highs around $50, confirming the bullish trend. Gold is also at an all-time high around $4050 and is not far from the $4500 target I mentioned while trading at $1500 in 2020.
After all, owning gold and silver and remaining bearish against cryptocurrencies wasn’t such a bad idea. Bitcoin
$121,644.47 It was mostly in an uptrend, that’s true, but most altcoins suffered. Simplicity is power.
If we have a major crash, gold and silver will correct initially but will likely recover quickly afterwards. Until then, they can continue their rise. The fact that they are already doing this is another sign that something big is coming globally.”
Bitcoin Target
In his post on September 30 uptober Capo, which mocks its narrative, may turn into “Rektober” this month. He said, but October literally started as Uptober and BTC reached its new record level. Besides BNB and some others altcoins also broke a record. Analyst Capo, who says that those who call for a super cycle will be disappointed, is again assertively launching his bull trap thesis.
Saying that time is running out, the analyst said, “One of the biggest bull traps in history could lead to one of the biggest collapses in history,” which he has repeated dozens of times. We remember this from the beginning of 2023 to today, and Capo may be wrong again.
