Analyst Who Predicted Bitcoin's Collapse Remains Bearish Even As Apex Crypto Reaches $28K: 'Highly Manipulated'

A pseudonymous analyst who predicted the collapse of Bitcoin BTC/USD in 2022 remains bearish even as the apex crypto reaches $28,000.

What Happened: ‘Capo of Crypto’ on Sunday, told his 730,000 followers on Twitter that even as Bitcoin continues to rally, “altcoins didn't follow and they are at major resistances.”

The analyst said, "My system keeps telling me that the move from the lows is a highly manipulated move (mostly with BUSD and USDC)."

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Capo said, “Soon the truth will come out,” adding, “I remain bearish and fully out of the market. New lows are still likely.”

Despite all the noise, I know that the vast majority of those who follow me are genuine and good people. And these deserve an update:

This time away from Twitter has been very good and necessary. I'm totally fine, enjoying my personal life. Thank you to everyone who has shown… https://t.co/ZEoe6xmDox

— il Capo Of Crypto (@CryptoCapo_) March 19, 2023

Price Action: At the time of writing, BTC was trading at $28,104, up 0.35% in the last 24 hours, according to Benzinga Pro data.

Read More: Bitcoin, Ethereum, Dogecoin Mixed After Credit Suisse Deal: Balaji Srinivasan Sees Banking Crisis Boosting Apex Crypto To $1M