Analyst Blasts Capo As Bitcoin Nears $25K-Mark: 'I Put Money Where My Mouth Is..'

Crypto Analyst ‘Ash’ didn't hold back when it came to criticizing Capo, a pseudonymous analyst who called the crypto market “a bull trap.”

What Happened: Ash told his 609,000 followers on Twitter, “Capo said exit all the markets, I said enter all the markets.”

Capo said EXIT ALL THE MARKETS

I said ENTER ALL THE MARKETS

Price of bitcoin was $16,000

Today the price of BTC is $24,900

It was a risky post but I have been
seeing this same bottom move since
2016. I put money where my mouth is
& bought BTC with 80% of my capital.

— Ash WSB (@Ashcryptoreal) February 16, 2023

This comes at a time when Bitcoin BTC/USD reached $24,900 late on Wednesday evening for the first time since August 2022.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Pseudonymous analyst Ash said he called to buy BTC when it was hovering around $16,000. “Today the price of BTC is $24,900.”

“It was a risky post but I have been seeing this same bottom move since 2016. I put money where my mouth is and bought BTC with 80% of my capital,” Ash added.

Capo has been bearish on crypto markets. The analyst on Thursday tweeted, “No changes. I’m not buying.”

Earlier, on Jan. 29, Capo said that he is “still short and strong” on Bitcoin.

I've been checking charts all this time, avoiding noise from Twitter. The way the upward movement is happening, the way htf resistances are being tested... it clearly looks manipulated, no real demand.

Once again, the biggest bull trap I've ever seen. But they won't trap me.

— il Capo Of Crypto (@CryptoCapo_) January 21, 2023

Read Next: Bitcoin Crosses $24K, Ethereum, Dogecoin Soar: Analyst Says Apex Crypto Resilience Impressive Amid Volatility, Regulatory Fears