Well-known cryptocurrency trader, Capo, has forecasted potential significant declines for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
What Happened: Capo, who commands a large following on the social media platform X, predicts that Bitcoin might test the $48,000 to $50,000 range, while Ethereum could fall to between $1,800 and $2,000.
"There's a possibility of one last shakeout, with BTC testing the $48,000 – $50,000 zone and ETH $1,800 – $2,000, before the real altcoin season begins."