BTC Plunge Imminent if Cryptocurrency Drops Below Significant Security Zone, Predicts Cryptocurrency Expert
Uncensored Crypto Insights
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Breaking: Bitcoin Plunges After Key Support Level Violated?
📈 Bitcoin's price is on the ropes after a well-known analyst, Capo, warned the digital coin might nose-dive more than 37% if it breaches a critical support level. Here's the scoop:
Crypto whiz Capo, who's famous for his accurately called 2022 crypto crash, has given a stark warning. Bitcoin could tumble big-time if BTC doesn't manage to hold $92,000 as crucial support. He made this statement on his social media platform X and Telegram channel.
"If Bitcoin goes below $92,000, watch out – BTFD (Buy The F* Down) might be the next move," Capo tells his 1.08 million followers on X.
Capo explains:
"Above $92,000–$93,000: bullish, but strong resistance at $96,000–$98,000* Below $92,000: bearish, with potential for a 37%+ dive to around $60,000.
"There's local top action happening right now near these levels. But no matter how you play it, long-term holders are sitting on steep profits. Whales are exiting left and right," he warns.
📉 Looking at his charts, if Bitcoin fails to hold, it could trigger a capitulation, sending prices plummeting. Capo suggests a rapid decline to $60,000 if Bitcoin doesn't secure the $92,000 support level.
At the time of writing, Bitcoin is down around 2% and trading at $94,175[1].
Capo is also positive on Render, a GPU rendering network altcoin. "Render Update: Up 60% from entry; $4.25 reclaimed. Looks good for the $6.58 target," he tells his 126k followers on Telegram.
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Disclaimer: Opinions expressed are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrency. The Daily Hodl is not liable for any losses incurred.
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Footnotes:
- According to CoinGecko (https://www.coingecko.com/en/coins)
Sources:
- "BC.GAME Launches Phase 2 of Social Mining Campaign, Expanding Ecosystem Engagement with $BC Token" - May 5, 2025
- "KuCoin CEO BC Wong Joins Industry Leaders at TOKEN2049 - Highlights Path Toward a Safer, Smarter Crypto Future" - May 5, 2025
- "aZen Secures $1.2 Million Seed Round and Web 3.0 Grants To Build DePIN for Ubiquitous AI After Onboarding 600,000 Users" - May 2, 2025
- "Bitcoin Seoul 2025 To Host Global Industry Leaders for Asia's Largest Bitcoin-Focused Conference" - April 30, 2025
- "FLOKI and Rice Robotics Launch AI Companion Robot With Token Rewards" - April 30, 2025
- "STEPN and the Argentina Football Association Announces Their Latest NFT Drop" - April 30, 2025
- "BYDFi Partners With Ledger To Launch Limited Edition Hardware Wallet, Debuts at TOKEN2049 Dubai" - April 30, 2025
- In light of the potential Bitcoin decline, it might be wise to keep an eye on stable altcoins as a safe haven, since they may demonstrate more resilience during market fluctuations.
- With Capo's positive sentiment on Render, an altcoin in the GPU rendering network, it could be an opportune time to explore diversifying your crypto portfolio and considering this altcoin as an investment option within finance.
