Veteran crypto trader Capo warns Bitcoin could crash to $70K if $100K support level breaks soon.
Meanwhile, Altcoins already dropped 30%–50%, Capo says more pain likely in coming weeks.
Rising China–Taiwan tensions could trigger panic in global markets, affecting Bitcoin sharply.
Veteran crypto trader Capo of Crypto has just doubled down on his warning that Bitcoin could soon see a huge drop to as low as $70,000. Despite Bitcoin staying above $100K for now, Capo says big hidden moves and fresh global risks could break this key level and spark a massive sell-off.
Here’s why he’s not backing down from his bearish call and what could trigger the next big shake-up.
While Bitcoin has managed to hover around $108,000, most altcoins have already seen heavy losses, falling 30% to 50% from their May peaks. According to Capo, this drop was no surprise
, he called it perfectly and has continued to add to his short trades, especially focusing on altcoins he believes have more downside ahead.
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