Crypto Analyst Warns of Manipulated Bullish Trends

Crypto Analyst's Return to Twitter

An anonymous crypto trader, known as il Capo of Crypto, recently returned to Twitter after a hiatus. His return included warnings about manipulated bullish trends in the crypto market, particularly involving BUSD and USDC. The trader maintains a bearish outlook and has chosen to stay out of the market, focusing instead on personal well-being.

Manipulation Concerns

Il Capo of Crypto emphasized that recent upward movements in the crypto space are manipulated. He shared his perspective with his genuine followers, expressing gratitude for their support. Despite the market's bullish appearance, the trader suggests that fear of loss is prevalent among investors, indicating skepticism about the sustainability of the current trends.

Bearish Market Outlook

Despite occasional social media appearances, the trader advises his followers against investing at this time. He stresses the absence of any genuine bullish confirmation, noting that Bitcoin and other cryptocurrencies are merely testing broken supports as resistances. This pattern, he argues, is a recurring phenomenon that signals ongoing bearish trends.

Community Reaction

The crypto community has shown varied reactions to his insights. While some followers express strong support and trust in his analysis, others have urged him to increase his public presence. Nevertheless, il Capo of Crypto remains steadfast in his decision to focus on personal life and avoid the negativity often associated with social media platforms.

Conclusion

Crypto analyst il Capo of Crypto continues to caution traders about market manipulation, advocating for a careful approach amid seemingly bullish trends. His insights highlight the importance of skepticism and caution in navigating the volatile crypto market.