based on materials from - By BH NEWS
In recent weeks, Bitcoin has managed to stay above the important psychological level of $100,000. However, Capo of Crypto, a prominent figure in the cryptocurrency community, raised alarming concerns. In a message published on his Telegram channel, he warned that the price of Bitcoin could not only drop but could sharply fall to $70,000 temporarily. This forecast is based on observations that large asset holders are disposing of their Bitcoins unnoticed, while current institutional acquisitions lack the strength to effectively raise the price.
Will Bitcoin be able to maintain support at $100,000?
Capo emphasizes the importance of the $100,000 support line, warning that a definitive breach could accelerate a downward spiral. He claims that large undisclosed transactions are taking place, which subtly flow into exchanges, remaining invisible in trading volume indicators. Such hidden movements could exert additional pressure on the market, causing further declines.
Despite ongoing acquisitions of cryptocurrency by large institutional structures, the price trajectory of Bitcoin remains stagnant. Capo suggests that the trading activity of large investors balances these long-term purchases, thereby signaling a potential market contraction.
The analyst also notes a troubling decline in the value of altcoins by 30–50% since their peak in May. As he diversifies his investments, expanding short positions, he expects a sharp decline in Bitcoin could further devalue altcoins by another 50–80%.
Do old wallets pose a threat again?
The recent activation of 80,000 BTC from long-dormant wallets has raised concerns among market observers. The mysterious movement of Bitcoins worth over $8.7 billion raises suspicions about market manipulation and the likelihood of increased selling pressure.
In addition to market activity, Capo also points to international tensions as an impending threat to Bitcoin's stability. In particular, the ongoing semiconductor dispute between China and Taiwan could have far-reaching consequences, potentially leading to forced sales in the cryptocurrency sector. If this conflict has a significant impact, a substantial decline in the value of altcoins is quite possible.
The analysis presented by Capo offers key insights:
Large hidden asset sales may undermine market stability.
Institutional purchases lack sufficient momentum to ensure prolonged price growth.
Sleeping BTC movements raise concerns about market supply.
Geopolitical disputes could accelerate the aversion to high-risk assets.
Considering these factors, the trajectory of Bitcoin appears unstable, influenced by hidden market actions and external geopolitical events. Investors remain vigilant, analyzing this dynamic, which could significantly impact Bitcoin and broader movements in the cryptocurrency market.
$BTC , $TON , $SUI
#MarketRebound , #Сryptomarketnews
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