The Crypto Market Resurgence: Will the Rally Hold or Reverse?

Key Points

1. Bitcoin gained approximately 10% in value over the past week, nearing the $123,000 mark, but Capo believes a market correction is imminent.

2. Capo highlights Bitcoin’s weakness and does not rule out the possibility of an unexpected 'black swan event' affecting the market, potentially dropping Bitcoin to around $65,000.

3. Capo claims BNB Chain's native token is currently at a resistance zone of $693 and might see a decline close to 49%, pulling back to the $350-400 support zone.

4. Analysts emphasize the importance of cautious decision-making and protecting against potential risks in the volatile crypto market.