A popular cryptocurrency analyst talked about how far Bitcoin (BTC), Ethereum (ETH) and two other altcoins will fall and whether I will enter a bull trend later on.
The anonymous analyst known as Capo has studied potential bottoms in BTC and ETH, as well as smart contract platforms Solana (SOL) and Cardano (ADA).
The analyst looking at Bitcoin talked about a scenario where BTC fell just below $40,000 before jumping sharply and retrieving the $50,000 level again.
According to Capo, the current price range for Bitcoin ultimately presents one of the most important trade entries of 2022.
As for Cardano, Capo thinks ADA will continue to drop below current prices and approach the $1.00 range before reversing the trend.
According to the analyst, if ADA can maintain the $1 level, it could start a rally later.