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Bitcoin (BTC) Experiences Another Drop – il Capo Sounds Alarm, Reveals Next Steps
Bitcoin (BTC) Experiences Another Drop – il Capo Sounds Alarm, Reveals Next Steps
Renowned cryptocurrency analyst il Capo has issued a stark warning regarding Bitcoin in his recent communication.
Author:
Mete Demiralp
13.06.2024 – 16:01
Update:
7 seconds ago
0
In his latest statement, cryptocurrency analyst il Capo delivered lackluster remarks on the current Bitcoin (BTC) price.
The price of Bitcoin has been on a downward trajectory since yesterday, currently trading at $66,546 based on Binance data, marking a 1.30% decline in the past hour.
Describing the recent price movement of BTC as “rather unpleasant,” il Capo mentioned that if Bitcoin fails to rebound soon, he will begin to close his positions.
A minute chart illustrates the recent fluctuations in the BTC price.
Additionally, il Capo revealed that he has added to his Render (RNDR) positions today. As per the analyst’s disclosure, the average entry price for RNDR stands at $8.89. At present, RNDR is priced at $8.32. Following il Capo’s announcement of a long position in RNDR yesterday evening, the altcoin experienced a temporary spike in price.
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Stay Alert: Esteemed Trader il Capo Signals Optimism Towards This Altcoin Ahead of FED Decision
The analyst provided a Bitcoin analysis earlier today. According to il Capo, the $67,000 level served as a crucial support before the recent decline, and surpassing $69,000 will confirm the next bullish phase. Furthermore, il Capo anticipates that altcoins will also see positive movement if this scenario materializes.
*Please note that this is not investment advice.
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