The crypto community is abuzz with discussions around Capo's latest predictions for 2023, which once again split opinions. Despite his previous accurate forecasts, this year's views inspire both admiration and skepticism.
Capo's Crypto Predictions for 2023
Capo made headlines in 2022 with his accurate forecasts, but not all his predictions hit the mark, highlighting the market's unpredictability. As 2023 began, BTC regained key levels, yet Capo warned of the potential for one of the largest bull traps. After a recent decline in BTC’s price, Capo expressed concerns, stating: “I really dislike this short-term price movement. I want to see a clean breakout above $89,000 for the upward trend to continue.” He also noted that the short-term upward trend in altcoins persists.
Developments in HYPE Coin
The situation for Hyperliquid has become complex. Low liquidity in cryptocurrencies results in speculative actions. A similar scenario unfolded with JellyJelly, where whale movements sparked speculation, prompting Binance and OKX exchanges to consider listing the altcoin. The team announced on Discord a delisting of JELLY perpetual contracts following evidence of suspicious market activities.
NEAR Coin and BTC Situation
Capo expressed satisfaction with NEAR Coin’s response from support, indicating his target is $4.50. He believes BTC’s recent decline could set the stage for a rebound.
Despite criticism and skepticism, Capo's forecasts continue to draw attention from the crypto community, highlighting the complexity and volatility of the current market situation.
