Expert Warns of Bitcoin’s Potential Downfall After Record Surge
2025-07-12 13:28:20
Main Idea
An analyst warns that Bitcoin's recent peak might be a 'bull trap' and predicts a potential sharp decline, while altcoins continue to face significant challenges.
Key Points
1. An analyst who predicted the 2022 crypto crash suggests Bitcoin's new peak of $118,700 could be a 'bull trap' and may drop to around $64,000.
2. Altcoins have struggled to surpass previous peaks, with potential declines of 30-50% from their local highs.
3. The 'TOTAL2' index, excluding Bitcoin, indicates waning market strength, leading to skepticism about the current rally.
4. Bitcoin's current trend resembles a technical 'blow-off top,' signaling a possible sharp decline.
5. Market volatility and external factors, such as geopolitical events, are contributing to the uncertainty.
Description
Capo warns of potential correction in Bitcoin despite recent surge. Altcoins struggle against significant resistance despite Bitcoin's peak. Continue Reading: Expert Warns of Bitcoin’s Potential Downfall After Record Surge The post Expert Warns of Bitcoin’s Potential Downfall After Record Surge appeared first on COINTURK NEWS .
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