Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Real Capitulation Event in Sight for Bitcoin, Warns Analyst Who Nailed 2022 BTC Collapse – Here Are His Targets

Real Capitulation Event in Sight for Bitcoin, Warns Analyst Who Nailed 2022 BTC Collapse – Here Are His Targets

Daily HodlDaily Hodl2025/04/22 16:00
By:by Daily Hodl Staff

A widely followed crypto analyst is warning that Bitcoin ( BTC ) is at risk of a sudden collapse.

In a new post on the instant messaging app Telegram, pseudonymous crypto strategist Crypto Capo tells his 121,953 subscribers that Bitcoin may collapse by more than 34% of its current value.

However, the analyst predicts that the flagship crypto asset will first head higher before a severe correction.

“Shorting here makes no sense at all. I’ll be looking at the $94,000-$95,000 zone for potential shorts, but for now, the smart move is staying net long.”

Real Capitulation Event in Sight for Bitcoin, Warns Analyst Who Nailed 2022 BTC Collapse – Here Are His Targets image 0 Source: Crypto Capo/Telegram

Looking at his chart, the trader says Bitcoin may plummet to $60,000 after tapping $98,000 as a local high.

Bitcoin is trading for $91,690 at time of writing, up 5.1% in the last 24 hours.

Next up, the analyst says he is leaning near-term bullish on Ethena ( ENA ), a synthetic dollar protocol built on Ethereum ( ETH ).

“I consider ENA a mid-term investment. That’s why I’m just holding it until August-September (subject to change/ adaptation). We can see how it has formed a massive range. Bearish trend is very oversold here, so a bounce to $0.50-$0.55 keeps making sense. After that, we could see the last capitulation event I’ve been talking about previously. If that happens, I will buy more. If not, just hold.”

Real Capitulation Event in Sight for Bitcoin, Warns Analyst Who Nailed 2022 BTC Collapse – Here Are His Targets image 1 Source: Crypto Capo/Telegram

ENA is trading for $0.30 at time of writing, up 6% in the last 24 hours.

Lastly, the analyst says the layer-1 asset Toncoin ( TON ) may rally and break through resistance at $4.58 before plummeting to around $2.10.

“Very clean setup, matching with the rest of the market.”

Real Capitulation Event in Sight for Bitcoin, Warns Analyst Who Nailed 2022 BTC Collapse – Here Are His Targets image 2 Source: Crypto Capo/Telegram

TON is trading for $3 at time of writing, up 2.9% on the day.

Follow us on X , Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC/ETH VIP Earn Ultimate Carnival is officially here!

Bitget Announcement2025/09/18 07:12

New spot margin trading pair — FLOCK/USDT!

Bitget Announcement2025/09/18 06:55

0GUSDT now launched for pre-market futures trading

Bitget Announcement2025/09/18 05:39