The analyst who predicted the crypto-cycle’s end in 2021 believes the Bitcoin drop to below $80,000 was designed to fool BTC bears and make them think that the bull run is over.
Pseudonymous Analyst Capo told his 942.200 followers via the social media platform X he believes Bitcoin has now begun to carve a bottom in its mid-bull-cycle following a significant correction since it’s all-time peak of $110,000.
The trader believes that BTC’s plunge to $76,000 in 2025 is either a “bear trap” or false breakdown, which would then lead to an abrupt bullish turn with altcoins at the forefront.
“A strong relief rally is expected over the next couple of days with altcoins expected outperform Bitcoin.”
Capo, a Telegram user who uses instant messaging to communicate with his clients, says he is starting to notice signs of Bitcoin’s and altcoins’ strength in lower timeframes.
“Ideally BTC must regain $84,000, and ETH $2000 for bullish continued…
After a sharp correction, most altcoins have reached major support.
Some people panic sell at such levels. Some people are waiting to see prices drop.
Fundings have been very low, which confirms the negative sentiment.
“There’s plenty of liquidity to be had on the upside.”
Bitcoin (BTC) currently trades for $82,765 while Ethereum (ETH), is valued at $1,926.
Capo, who is bullish on altcoins and says that he closely monitors the TOTAL2 chart (an alt index) which tracks the total market capitalization of all crypto assets, excluding Bitcoins and stablecoins.
A trader shared a chart that suggested TOTAL2 had successfully retested an important support area of $971 billion.
The altcoin markets are on the rise if TOTAL2 is showing a bullish chart. As of the time of this writing, TOTAL2 has risen to $1 trillion from a low in 2025 of $974 billion.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post This analyst that predicted 2021 crypto collapse predicts relief bounce with altcoins outperforming Bitcoin could be updated as new information becomes available.
