# Bitcoin: What’s Next?

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Last modified: 2022-07-15

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By Paul Ebeling · 2022-07-15
Tags: Shayne Heffernan on Investments, Luxury, Lifestyle, Paul Ebeling, Bitcoin, Crypto, Education, crypto, Bitcoin, Ethereum, Knightsbridge Insights, Living, Knightsbridge, Blockchain, Featured, KNIGHTS, Business, Market, Money
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #bitcoin

$BTCUSD

Starting with BTC, pseudonymous crypto trader Capo tells his 443,000 Twitter followers that the flagship digital asset will hit new lows if it falls below the $19,000 level.

According to Capo, Bitcoin’s recent rise above $20,000 was a “dead cat bounce,” which was met by selling on the FTX crypto exchange. A dead cat bounce is a move to the upside in a bearish trend.

*“Dead cat bounce to $20,000 again to punish late shorters. At the top of it, FTX started pushing down. Clear corrective move to the upside.*

*Nothing has changed. Break below $19,000 = new lows.”*

Bitcoin is trading for $20,915.27 at time of writing.

Capo says the Bitcoin bottom that formed around $30,000 mid-last year mirrors the current price action. The crypto analyst is targeting a floor price for BTC between $15,800 and $16,200.

*“$30,000 bottom formation (June-July 2021) Vs current price action*

*Expecting deviation below the current range low, which is $17,700. Main target remains $15,800 – $16,200.”*

A tip of my hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. [Click here](https://knights.app/login)

[*Chec*](http://crypto.livetradingnews.com/en)[k Price Action](http://crypto.livetradingnews.com/en)

Have a prosperous weekend, Keep the Faith!

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