A well-known crypto analyst who accurately predicted the market collapse of 2022 is now cautioning thatBitcoin(CRYPTO: BTC) may be nearing a local top.

What Happened:Pseudonymous analystCapobelieves that certain indicators suggest Bitcoin could face a pullback in the near future. The analyst, recognized for their precise market calls, has shared their concerns about Bitcoin's current trajectory.

In a recent post on Telegram, the crypto expert pointed to factors like overextended bullish sentiment and waning momentum as signs that a correction might be imminent.

Bitcoin has recently experienced a significant recovery, climbing past $37,000 after a prolonged...