Il Capo’s warning of a $60K–$70K Bitcoin collapse overlooks key bullish factors:
• BTC holds above its 20-, 50-, and 100-day EMAs, confirming strong technical support.
cointrust.com
• US spot ETFs recorded $4.5 B inflows in June, fueling institutional demand.
• Network hash rate surged to 939.1 EH/s, up 126 % YoY, signaling robust miner confidence and network security.
• No imminent macro shocks likely to trigger a 5-ATR plunge.
Time to ignore short-term noise, focus on long-term trends. Keep stacking sats with conviction.
Read more at: https://www.cointrust.com/market-forecasts/bitcoin-going-to-crash-il-capo-predicts-the-possibility