Bitcoin has reclaimed and held US$27k since this time yesterday, and we’re hearing a few bulls snort round the traps. Or is that just the sound of copious lines of hopium ingesting?

There are some mild and wild predictions floating about on Crypto social spaces today. The crypto amateur analysis scene feels like even more of a giant pantomime than usual at present, with various scrapping, engagement-farming actors only too happy to be typecast, it seems.

Take the popular “CrediBull” (aka @CredibleCrypto; 340k followers), for instance, who’s pretty much backed himself into a corner for the moment with that name. Guess what? He’s bullish on Bitcoin right now. Here’s some of his thesis, in “1/8” thread that actually only spans two tweets.

With high exaggeration, he’s essentially summing up a cross section of the crypto “investing” space right here…

He also goes on, in a separate tweet, to explain why he thinks Bitcoin can hit a whopping US$70k this year, which would surpass its previous US$69k-ish peak set in November 2021.

Referencing a liquidity gap at US$20k that more bearish voices believe needs to be filled before continuation, CrediBull notes:

“There’s a gap at $20,000 that a lot have been eyeing up and using as justification for a deeper pullback form current levels.

“If I’m right about my thesis for new all-time highs in 2023 – that gap should go unfilled. If you were to ask me which comes first – $20,000 or $70,000+, I’d say $70,000+.”

Meanwhile, look out CrediBull! He’s behiiiind yoooou…

Because, in the red corner… weighing in at 760k Twitter followers, is the notorious “il Capo of Crypto”, who’s well known for his bearish tweet back in mid January that read: “One of the biggest bull traps I’ve ever seen”. It was in the midst of a BTC rally from the mid $16ks to roughly US$21k at the time.

Bitcoin has largely been moving up and to the right ever since, obviously with some chop in between. “Capo” has been widely ridiculed across the Crypto Twitter space for the post. In fact, there’s even a memecoin called $CAPO in his honour that’s been doing ridiculously decent business (US$13m market cap) with degen speculators.

Capo has been extremely quiet on Twitter ever since, but according to an article from Daily HODL, the trader/analyst is still busy in his Telegram channel and is warning of a “massive capitulation” event for BTC, ETH and the wider crypto market.

“In my opinion we are about to witness a massive capitulation event,” he posted earlier this week. “Both technical and fundamental reasons are there.

“The main target for BTC remains $12,000… ETH would reach $500-$700. Altcoins would drop 60%-80% on average, some even more…”

 

Top 10 overview

With the overall crypto market cap at US$1.18 trillion, up about 1% since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

Moving away from some of the more extreme analysis, a reclamation (for now) of the US$27k level has at least pepped the spirits of some of the more recently sanguine traders we frequently check in with. Such as Michaël “Dutch Courage” van de Poppe…

And Roman “Short Squeeze is Coming” Trading…

 

Uppers and downers

Some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)

PUMPERS (11-100 market cap position)

• Lido DAO (LDO), (market cap: US$1.85 billion) +11%

• Pepe (PEPE), (market cap: US$758 million) +10%

• The Graph (GRT), (market cap: US$1.12 billion) +8%

• Injective (INJ), (market cap: US$511 million) +6%

• Sui (SUI), (market cap: US$633 million) +6%

 

PUMPERS (lower, lower caps)

• Rollbit Coin (RBT), (market cap: US$72 million) +20%

• Milady Meme Coin (LADYS), (market cap: US$137 million) +18%

• ORDI (ORDI), (market cap: US$345 million) +17%

 

SLUMPERS

• Huobi (HT), (market cap: US$461 million) -3%

• Klaytn (KLAY), (mc: US$523 million) -2%

• Quant (QNT), (mc: US$1.53 billion) -1%

 

SLUMPERS (lower, lower caps)

• Pendle (PENDLE), (market cap: US$44 million) -5%

• Ben (BEN), (market cap: US$25 million) -4%

• Bob Token (BOB), (market cap: US$43 million) -4%

 

Around the blocks

Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.

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