Crypto Capo, one of the market analysts, said in a statement on Telegram that Bitcoin could first reach the regional summit with a upward movement, and then declined to $ 60,000 with a hard correction of over 34 %. This assessment has led to a cautious atmosphere among investors with increasing price mobility in recent days.
Fragher Floor Warning for Bitcoin
Crypto Capo said Bitcoin could make a summit of around $ 98,000 in the short term, but a harsh decline may be experienced after this rise. Noting that Bitcoin gained 5.1 %in the last 24 hours, the analyst described the existing painting as “before the waves .. Emphasizing that it is too early to get a short position for investors, the analyst said that partial retreats could be evaluated in the range of $ 94,000- $ 95,000, but long positions are more logical for now.
“Shorting doesn’t make sense here, Cry Crypto Capo said, and called for investors to be careful by explicitly revealing his strategy. Especially in the periods approaching regional peaks, the analyst warned against the increasing enthusiasm in the market, reminded that sudden and harsh corrections in such periods have occurred in the past.
Stating that Bitcoin is an asset with high volatility, market experts point out that such harsh retreat scenarios should not be completely excluded. Capo’s predictions are based not only on technical analysis data, but also on changes in investor behaviors.
Medium Term Opportunities in ENA and Ton
Capo also shared his analysis for the synthetic dollar protocol developed on the Ethereum network ENA and said that this asset could be recovered up to $ 0.50- $ 0.55. ENA, which has increased by 6 %in the last 24 hours, has entered the radar of medium -term investors. Analyst said that it would maintain its position until the August-September period, but would evaluate new purchase opportunities if the correction is expected.
ENA’s current price movements are shaped in a technically expanding range. This means both potential earnings for investors and a ground to be careful. CAPO’s “Medium -Term Investment” definition points to the need to develop alternative strategies to short -term transactions in the crypto currency market.
For Toncoin (ton), the analyst said that after the $ 4,58 resistance was overcome, a downward correction may be withdrawn to $ 2.110. Ton’s positive course with an increase of 2.9 %daily draws attention, while technical indicators support the analyst’s warnings. Capo emphasized that it is a “very clean setup, and that Ton has a structure that is compatible with general market movements.
For investors, such assessments may be effective in determination in the market. However, as the analyst points out, each prediction may vary depending on market conditions. Therefore, it is important that individual investment decisions are based on personal risk analysis.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
