Analyst Says BTC Reversal Just a Matter of Time Amid Euphoria Heres His Outlook

An analyst known as Capo maintains a bearish outlook on Bitcoin, even after its recent price surge. Despite currently holding short positions at a loss, he believes a reversal is imminent due to market euphoria and potential unforeseen events. He predicts Bitcoin could fall to around $65,000. Bitcoin is currently trading at $118,926, which is up 10% over the last 7 days. The analyst is also bearish on BNB, the native token of BNB Chain, suggesting it could decline by approximately 49% from its current price of $693, potentially reaching a level between $350 and $400.