Cryptocurrency expert il Capo from Crypto recently shared his insights on the sudden decline in Bitcoin prices and what to anticipate next. Despite Bitcoin dropping by nearly 5% to $66,123 today, il Capo remains optimistic about the market’s future. He emphasized the significance of the $67,000 level and believes that even though it was breached, demand for Bitcoin remains robust.
Il Capo also highlighted the importance of surpassing the $67,000 level again, stating that it would be favorable for the bulls. He identified the $65,000 level as a strong support point in case of further declines. Analyzing the metrics, il Capo suggested that a potential scenario could involve Bitcoin exceeding $67,000 once more, leading to a significant price movement.
Currently adopting a “wait and see” approach, il Capo refrained from giving investment advice. For those interested in investing in over 300 cryptocurrencies, they can avail a 20% commission discount by registering with Binance exchange. Stay updated with exclusive news, analytics, and on-chain data by following Crypto’s Telegram and Twitter accounts.
