Bitcoin News Today: Capo Warns Bitcoin's Record High May Signal Looming Bull Trap

Capo, a pseudonymous analyst known for his 2022 accurate crypto market predictions, has issued fresh forecasts for gold, silver, and Bitcoin, sparking renewed debate in financial markets. Despite past skepticism over his 2022 bull trap warnings, Capo now asserts that Bitcoin's recent surge to a $118,700 all-time high (ATH) could signal a critical inflection point. His analysis highlights technical patterns, including a potential blow-off top and a bearish head-and-shoulders formation in the broader crypto market, which he argues may precede a sharp correction.

The analyst's warnings extend to altcoins, which he claims remain in a downtrend despite Bitcoin's strength. Capo notes that the TOTAL2 index, tracking the market cap of all cryptocurrencies excluding Bitcoin and stablecoins, has yet to validate a bullish breakout. At $1.31 trillion, TOTAL2 continues to face resistance, with Capo suggesting that "something feels very off" in the market's structure. He anticipates a possible Bitcoin correction to the $64,000 range, citing weak volume during the recent rally and the likelihood of another "black swan" event triggering a deeper selloff.

While Bitcoin dominates Capo's commentary, his predictions also touch on precious metals. The analyst has previously highlighted gold's role as a safe-haven asset amid inflationary pressures and geopolitical risks. Current market dynamics, including the anticipation of U.S. Federal Reserve rate cuts and central bank gold purchases, have driven gold prices to near-record levels. However, Capo's focus remains on the crypto sphere, where he warns of a "bull trap" scenario-a false breakout that lures buyers before reversing trends.

Capo's credibility is tested by historical precedents. In 2021, similar skepticism surrounded PlanB's models before his predictions gained traction. Capo's 2022 accuracy bolstered his reputation, but his subsequent missteps led to mockery. This duality underscores the volatile nature of crypto analysis, where even seasoned experts face scrutiny. The market's mixed signals-Bitcoin's ATH versus altcoins' underperformance-reflect a fragmented recovery, with Capo emphasizing that "most altcoins remain in a clear downtrend".

The implications of Capo's forecast extend beyond technical charts. A Bitcoin correction could exacerbate market fragility, particularly if a broader black swan event materializes. Institutional buying pressure has temporarily propped up Bitcoin, but Capo's analysis suggests this may not be sustainable. For gold and silver, the interplay between real yields, dollar strength, and central bank demand will likely dictate near-term trajectories. However, these metals are not immune to sharp reversals, as historical crashes in 1980, 2011–2013, and 2020–2021 demonstrate.

Source: [1] Capo Predicts Bold Futures for Gold, Silver and Bitcoin (https://en.coin-turk.com/capo-predicts-bold-futures-for-gold-silver-and-bitcoin/)

[2] This Could Very Well Be the Ultimate Bull Trap (https://dailyhodl.com/2025/07/11/this-could-very-well-be-the-ultimate-bull-trap-trader-issues-urgent-crypto-warning-as-bitcoin-blasts-past-118000/)

[3] Caution Ahead: Bitcoin and Ethereum May Be Setting Up a Hilarious Bull Trap (https://marketsgonewild.com/crypto-news/2025/03/10/caution-ahead-bitcoin-and-ethereum-may-be-setting-up-a-hilarious-bull-trap-for-unsuspecting-crypto-investors/)