BTC, ETH, BNB Price Predictions Are Out

The crypto market seems to be recovering slowly but surely following the latest corrections. Check out some new price predictions about BTC, BNB, and ETH.

A popular crypto analyst is predicting that Bitcoin (BTC) is about to be squeezed and subsequently nuked.

Pseudonymous analyst Capo revealed a new chart suggesting BTC could soon fall to sub-$16,000 levels.

“BTC reasoning:

Shorts have been aping hard, especially below the upper dark zone ($20,700-$20,800). Most of them are expecting $19,000, which has been front run. Stops are sitting above the previous high of $21,800. So liquidity is between $21,800-$23,000.

Squeeze the shorts, then nuke it.”

An important crypto analyst says that he’s identified when Bitcoin (BTC) tends to bottom out during bear markets.

The pseudonymous trader Rekt Capital said recently that BTC is fast approaching its bottom, which is historically inclined to form about a year after its previous bull market peak.

It’s important to note the fact that Kelly’s comments come after U.S. Federal Reserve Chairman Jerome Powell gave a speech at the Fed’s annual meeting.

Powell said that the Fed’s main goal is bringing inflation back down to 2% and therefore does not plan to lower interest rates in the short term.

It’s also been revealed that the trader addresses ETH and said that it seems to have the same fate.

His chart reveals that ETH’s value will rise slightly this month before crashing hard into October and November.

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,594.

Capo predicted that Ethereum could drop by approximately 58% to $650 before the correction finishes.

Capo addressed Binance Coin (BNB) and said that just like BTC and ETH, the pseudonymous trader predicts a steep and precipitous decline for BNB before any sign of a turnaround.