Analyst Who Predicted 2022 Bitcoin Collapse 'Still Short' On Crypto Market: 'It Clearly Looks Manipulated, No Real Demand'

A pseudonymous crypto analyst who predicted the 2022 collapse of Bitcoin BTC/USD is still bearish despite the current rallying in crypto market.

What Happened: ‘Capo of Crypto’ told his 713,000 followers on Twitter that he continues to be “short” on the current crypto market.

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This comes at a time when Bitcoin rallied 43% in a month with analysts predicting the apex crypto to reach $30,000 easily.

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Capo on Jan. 21 said with the way the price is shooting up, testing high timeframe resistances, “it clearly looks manipulated, no real demand. Once again, the biggest bull trap I've ever seen. But they won't trap me.”

Price Action: At the time of writing, BTC was trading at $23,661 up 2% in the last 24 hours, according to Benzinga Pro data.

Read Next: Bitcoin, Ethereum, Dogecoin Spike Amid Risk-On Rebound: Analyst Sees Apex Crypto Breaching $24K If This Happens