20 July 2026
Popular Analyst Predicts Another Drop For Altcoins
The popular crypto analyst who previously predicted the collapse of the crypto market says that the altcoin market still has much further to drop than traders realize.
The trader called Capo tells his 417,000 followers that even though most altcoins are way below their all-time highs, a sizeable haircut is around the corner.
“Expecting 45-50% drop on altcoins from current prices.”
Backing up his thesis, Capo looks to Bitcoin dominance, which compares the market cap of BTC to the rest of the crypto market.
Historically, a rising Bitcoin dominance suggests that traders are fleeing altcoins to a less risky allocation of BTC.
He believes that Bitcoin dominance is setting up for a surge that will see altcoins get slaughtered.
BTC.D update: “Same idea, expanding diagonal for wave C. Altcoins should drop more than BTC.”
Talking about Ethereum, Capo has a downward target in mind. The analyst believes that ETH is on its way down to levels not seen since late 2020.
ETH update: “Decreasing volume into resistance, and looking like a corrective move. Next support: $700-800″
As for Bitcoin, the analyst says that the buyers who should’ve brought support to Bitcoin are now nowhere to be seen.
“The bids that were holding the price have been pulled. Bulls are scared or they weren’t really there, just whales pushing the price up to sell higher. Get ready.”
Capo says BTC is on the edge of collapsing to new local lows one last time before reversing. The crypto analyst has a downside target somewhere near $16,000, based on his chart, or about a 20% drop in BTC.
“BTC update: “Break of the lower dark zone = bearish confirmation = new lows.
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