BTC pundits up, down and all around

Despite that blip, we’re hearing a few bulls snort round the traps. Or is that just the sound of copious lines of hopium ingesting?

There are some mild and wild predictions floating about on Crypto social spaceson Tuesday.

The crypto amateur analysis scene feels like even more of a giant pantomime than usual at present, with various scrapping, engagement-farming actors only too happy to be typecast, it seems.

Take the popular “CrediBull” (aka @CredibleCrypto; 340k followers), for instance, who’s pretty much backed himself into a corner for the moment with that name.

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Guess what? He’s bullish on Bitcoin right now. Here’s some of his thesis, in “1/8” thread that actually only spans two tweets.

With high exaggeration, he’s essentially summing up a cross section of the crypto “investing” space right here…

He also goes on, in a separate tweet, to explain why he thinks Bitcoin can hit a whopping $US70,000 this year, which would surpass its previous $US69k-ish peak set in November 2021.

Referencing a liquidity gap at $US20,000 that more bearish voices believe needs to be filled before continuation, CrediBull notes:

“There’s a gap at $20,000 that a lot have been eyeing up and using as justification for a deeper pullback form current levels.

“If I’m right about my thesis for new all-time highs in 2023 – that gap should go unfilled. If you were to ask me which comes first – $20,000 or $70,000+, I’d say $70,000+.”

Meanwhile, look out, CrediBull! He’s behiiiind yoooou…

Because, in the red corner… weighing in at 760k Twitter followers, is the notorious “il Capo of Crypto”, who’s well known for his bearish tweet back in mid January that read: “One of the biggest bull traps I’ve ever seen”. It was in the midst of a BTC rally from the mid $16ks to roughly $US21,000 at the time.

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Bitcoin has largely been moving up and to the right ever since, obviously with some chop in between.

“Capo” has been widely ridiculed across the Crypto Twitter space for the post.

In fact, there’s even a memecoin called $CAPO in his honour that’s been doing ridiculously decent business ($US13 million market cap) with degen speculators.

Capo has been extremely quiet on Twitter ever since, but according to an article from Daily HODL, the trader/analyst is still busy in his Telegram channel and is warning of a “massive capitulation” event for BTC, ETH and the wider crypto market.

“In my opinion we are about to witness a massive capitulation event,” he posted earlier this week. “Both technical and fundamental reasons are there.

“The main target for BTC remains $12,000… ETH would reach $500-$700. Altcoins would drop 60 per cent-80 per cent on average, some even more…”

Top 10 overview

With the overall crypto market cap at $US1.18 trillion at noon Tuesday (AEST), up 0.8 per cent since the same time Monday, here’s the state of play among top 10 tokens – according to CoinGecko.

Moving away from some of the more extreme analysis, a reclamation of the $US27k level has least pepped the spirits of some of the more recently sanguine traders we frequently check in with. Such as Michaël “Dutch Courage” van de Poppe…

And Roman “Short Squeeze is Coming” Trading…

Uppers and downers

Some of the biggest 24-hour gainers and losers at noon Monday (AEST). Stats based on CoinGecko.com data.

PUMPERS (11-100 market cap position)

• Lido DAO (LDO), (market cap: $US1.85 billion) +6.6 per cent
• Radix (XRD), (mc: $US772 million) +5.3 per cent
• BitDAO (BIT), (mc:$US742 million) +3.7 per cent
• Frax Share (FXS), (mc: $US504 million) + 3.2 per cent
• Pepe (PEPE), (mc: $US745 million) +3 per cent

PUMPERS (lower, lower caps)

• SnailBrook (SNAIL), (market cap: $US29 million) +36.2 per cent
• Kwenta (KWENTA), (mc: $US50 million) +24.5 per cent
• Bolide (BLID), (mc: $US55 million) +23.4 per cent
• Ecoin (ECOIN), (mc: $US118 million) +23.1 per cent
• Rollbit Coin (RBT), (mc: $US76 million) +20.2 per cent

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SLUMPERS (11-100 market cap position)

• Huobi (HT), (market cap: $US456 million) -5.7 per cent
• Klaytn (KLAY), (mc: $US520 million) -4.4 per cent
• Bitcoin Cash (BCH), (mc: $US2.22 billion) -4.2 per cent
• Render (RNDR), (mc: $US650 million) -3.4 per cent
• Cardano (ADA), (mc: $US12.7 billion) -3.3 per cent

SLUMPERS (lower, lower caps)

PlatON Network (LAT), (market cap $US35 million) -$18.2 per cent

Bob Token (BOB), (mc: $US43 million) -11.9 per cent

Hxro (HXRO), (mc: $US67 million) -10.8 per cent

Open Campus (EDU), (mc: $US176 million) -9 per cent

OriginTrail (TRAC), (mc: $US102 million) -8.3 per cent

Around the blocks

Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.

This content first appeared on stockhead.com.au

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