The crypto market has recorded massive losses since May 2022. After the Federal Reserve announced and kicked off interest rate hikes, prices tanked due to selling pressure. Many crypto investors and operators of diverse solutions have faced different crises from market moves.
But it seems the end is not near yet. Even as the Merge date has finally come, analysts predict a price plunge for Bitcoin. Going by past market moves, a fall in BTC price causes altcoins to plummet and vice versa. So, this analysis is not what investors expect.
Related Reading: Binance Coin Struggles Below $290 Resistance, Where Would Price Go?
CAPO Discloses Bitcoin Bottom
The popular crypto analysts going by the pseudonym Capo with 517,100 followers have predicted that BTC might plunge between $16K to $14K before rebounding. Capo believes that this price, indicating a 21% and 31% price reduction, will be its main downside target if the key support level falls.
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