Top Analyst Predicts Bitcoin Price Target For The End Of 2022

The post Top Analyst Predicts Bitcoin Price Target For The End Of 2022 appeared first on Coinpedia Fintech News

The weekend is here, and the crypto market has turned red once again, with the global market cap dipping below $1 trillion, after a couple of days of price gains and positive momentum.

In the early hours today, it was observed that the Bitcoin had reached $20,667 before dropping towards the $20,200 level. At the time of reporting, Bitcoin is trading at $20,289 after a fall of 2.39% over the last 24hrs.

Meanwhile, a well-known crypto analyst and trader, anonymously known as Crypto Capo, has predicted that Bitcoin is about to crash and the altcoins will surge. 

The analyst displays a chart on his Twitter handle with 565,900 followers and claims big plans for the flagship currency.

Bitcoin Price At $25k?

Furthermore, the analyst expects Bitcoin to consolidate around $21,500 and says that if Bitcoin moves beyond $21,500, the asset will consolidate near $23,000 before hitting a high of $24,000 and $25,000.

However, as per Capo, if the Bitcoin bulls fail to move the currency above $21,500 then the currency will enter a bearish trend. If this happens, Bitcoin would fall to $13,725 by the end of 2022.

As the King currency has slightly dropped in the last 24hrs, Capo asserts that the currency formed a low-time frame distribution of not more than $20,500 and $21,200

Before Capo winds up, he asserts that the “shitcoins” are surging and will move towards new heights.