Catastrophic Bitcoin Collapse Imminent If Cryptocurrency Drops Below Critical Support, Warns Cryptocurrency Analyst
Crypto Daily Digest
Hey there, crypto enthusiasts! Here's your daily dose of the most recent happenings in the crypto world.
:bullet: Bitcoin WarningAn analyst, known as Capo, who successfully called the 2022 crypto crash, is issuing a warning for Bitcoin (BTC). According to Capo, BTC may drop significantly if it fails to hold the $92,000 support level. While above $92,000-$93,000, the outlook remains bullish, but with strong resistance at $96,000-$98,000. If BTC loses this support, it could fall to around $60,000, Capo warns. As of now, Bitcoin is trading at $96,608, up 2.6% in the past 24 hours.
:bullet: Render RisingThe GPU rendering network altcoin, Render (RENDER), is showing promising signs for Capo. With a 60% gain from the entry, the analyst believes RENDER will reach $6.58 next. At the time of writing, Render is trading at $4.65, up 4.7% on the day.
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Industry Announcements:
:bullet: aZen Secures FundingaZen has secured a $1.2M seed round and web3 grants to build DePIN for ubiquitous AI, after onboarding 600k users.
:bullet: Bitcoin Seoul 2025Asia's largest Bitcoin-focused conference, Bitcoin Seoul 2025, is set to host global industry leaders.
:bullet: FLOKI & Rice Robotics CollaborationFLOKI and Rice Robotics have announced their AI companion robot with token rewards.
:bullet: STEPN & Argentina Football Association NFT DropSTEPN and the Argentina Football Association have announced their latest NFT drop.
:bullet: BYDFi & Ledger PartnershipBYDFi has partnered with Ledger to launch a limited edition hardware wallet, debuting at TOKEN2049 Dubai.
:bullet: Team Behind Grindery WalletThe team behind the popular Telegram wallet, Grindery, has revealed Wallet Infra for AI agents.
:bullet: Common Launches Privacy Web AppCommon has launched the first privacy web app with subsecond proving times for Arbitrum and Aleph Zero EVM.
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- The analyst, Capo, who successfully predicted the 2022 crypto crash, also sees potential in Ethereum, suggesting it could rise if it breaks the $954 support level.
- In the altcoins segment, apart from Render, Capo predicts a bullish trend for Ethereum, due to its potential to surpass the current support level.
- Amidst a bearish macro outlook, the crypto world continues to see developments, such as aZen securing funding for DePIN, collaborations like FLOKI and Rice Robotics, and the announcement of a STEPN NFT drop with the Argentina Football Association.
- Remember, our discussions on Bitcoin, Ethereum, altcoins, or any other digital assets are not financial advice. It's essential to thoroughly research high-risk investments before making any decisions, keeping in mind that losses are your responsibility.
