Top Analyst Capo Predicts BTC And ETH Rally, Warns XRP Holders

The crypto analyst who correctly predicted Bitcoin’s crash this year predicts BTC and Ethereum rises (ETH).

Capo, a crypto analyst, tells his 559,600 Twitter followers that “it’s time” for Bitcoin to move because crypto bearish are fueling a surge.

“Price action looking bullish. Heatmaps looking bullish…

All I see is a lot of shorts that should be squeezed. Shorting support is not a good idea. Send it to $21,000.”

Short squeezes occur when traders who borrow assets at a given price in hopes of selling them at a lesser price to pocket the difference are compelled to purchase them back when the transaction swings against their bias.

According to Coinglass, traders have built $3.63 billion in short positions in the previous 24 hours.

Bitcoin costs $19,453, up 1.70% today.

The crypto expert expects Ethereum to climb beyond $1,400, which he calls “untapped liquidity.”

“Liquidity game.”

Because they think that investors with significant holdings would drive the price there so that it is easier to locate buyers or sellers, traders often seek for locations with high liquidity.

At the time of writing, Ethereum is up 3.92% on the day, trading at $1,362.

Regarding XRP, Capo issues a warning that the sixth-largest cryptocurrency by market size is probably about to have a sharp decline approaching his $0.17 goal.

“XRP main scenario.”

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