A veteran trader known for calling the collapse of 2022 is predicting big fakeout dips for Bitcoin (BTC) and two top altcoins before fresh explosive rallies.
Posting in his Telegram channel, pseudonymous crypto analyst Capo tells his audience that Bitcoin may plummet to around $81,450, a 14% decline from its current value.
However, he suggests that BTC may slingshot to fresh all-time highs after the correction, surging past $112,000 sometime next month.
Bitcoin is trading for $94,607 at time of writing, down 1% in the last 24 hours.
Next up, the analyst suggests that Solana (SOL) may correct to as low as $130, a more than 20% decline from its current value.
After the correction, Capo suggests that SOL may surge to a new all-time high of around $320.
Solana is trading for $163 at time of writing, down 8.6% on the day.
Lastly, the analyst suggests that Ethereum (ETH) may dip to $1,860, a more than 21% decline from its current value.
After the potential severe ETH correction, Capo says ETH may go on a massive rally that could surpass its all-time high of about $4,800 and hit new all-time highs above the $5,000 range.
Ethereum is trading for $2,635 at time of writing, down 3.6% in the last 24 hours.
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