Analyst Predicts Bitcoin’s Recovery

An analyst known for accurately predicting the end of the 2021 crypto cycle believes that Bitcoin’s drop below $80,000 is a strategy to mislead BTC bears into thinking the bull market has ended.

Pseudonymous analyst Capo, who has 942,200 followers on the social media platform X, suggests that Bitcoin is currently carving a mid-bull cycle bottom after a substantial correction from its all-time high of around $110,000.

According to Capo, Bitcoin’s decline to a 2025 low of $76,000 is a bear trap, signaling a false breakdown that could lead to a sharp bullish reversal with altcoins leading this surge.

> “Bear trap went lower than expected, but the local bottom should be in or very close. A strong relief bounce is likely over the next few days, with altcoins expected to outperform Bitcoin.”

On Telegram, Capo mentions he is observing signs of strength for Bitcoin and altcoins in lower time frames.

> “Ideally, BTC needs to reclaim $84,000 and ETH $2,000 for bullish continuation… Most altcoins are hitting major support after a strong correction. Many people are panic selling at these levels. Others are waiting for lower prices. Fundings are very negative, confirming the bearish sentiment. There’s a lot of liquidity to the upside.”

As of now, Bitcoin is trading at $82,765, while Ethereum (ETH) is valued at $1,926.

To underpin his bullish outlook on altcoins, Capo is closely monitoring the TOTAL2 chart, an index that tracks the market cap of all crypto assets excluding Bitcoin and stablecoins. He shares a chart suggesting TOTAL2 has successfully retested a critical support area of $971 billion, indicating the altcoin market’s potential rally. Currently, TOTAL2 is worth $1 trillion after hitting a 2025 low of $974 billion.

Source: Capo/Telegram