It’s just been revealed that there are new price targets out for Bitcoin and Cardano. Check out the latest reports about the prices of these digital assets below.
BTC and ADA price prediciotns
The popular crypto analyst who nailed this year’s Bitcoin (BTC) collapse says the king crypto is likely on its way to new bear market lows.
The pseudonymous analyst Capo said recently that he believes rallies in the crypto markets are meant to trap bulls.
“What I see:
-Technicals looking bad ([BTC] price below June’s low, indicators bearish, funding reset…)
-Same bull traps as always, but even weaker. People falling for them.
-Comments like ‘You are going to miss the train.’ Really?
This is not over. Final capitulation is likely.”
He also said the following about BTC:
“Good morning! BTC to $12,000-$14,000 is a matter of time. Altcoins much lower (40%-50% drop on average).”
He also addressed a prediciton about the price of ADA. Capo sets a price target in the range between $0.16 and $0.20.
The latest news on BTC
It’s been just revealed that the president of El Salvador made an unexpected decision regarding Bitcoin. Check out the latest reports below.
El Salvador President Nayib Bukele is still buying Bitcoin (BTC) despite ta crypto winter that’s seen the king crypto drop in price by over 75% from all-time highs.
On Twitter, Bukele recently made the announcement that his country will begin purchasing one BTC every day.
“We are buying one Bitcoin every day starting tomorrow.”
Just to refresh your memory, El Salvador made Bitcoin a legal tender last year and has since been purchasing the king coin for its treasury.
It’s also worth noting the fact that back in March, Bukele slammed the US government after lawmakers filed a bill that aims to examine the risks of the Central American nation’s adoption of Bitcoin.