Il Capo from Crypto, one of the most well-known names in the cryptocurrency world, shared his new moves in the light of the latest developments.
The analyst stated in his statement that with the increases, he increased his cryptocurrency exposure, which was previously close to zero, to 15-20%. il Capo announced that as a new move, he added to his portfolio some gaming and artificial intelligence tokens that he thinks will outperform the market on average these days. He added that he made these moves especially before the market reached a local peak.
il Capo also stated in his statement that he believes the Bitcoin price has formed a local top between $95,000 and $105,000, adding that crypto whales are making a significant distribution from these levels.
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However, he also noted that there could be some transfers of funds from BTC before the bearish confirmation comes, especially for some altcoins whose BTC pairs are extremely undervalued, as the Bitcoin price drops below $90,000.
The analyst noted that this scenario could change by looking at how the said resistance and support levels behave.
*This is not an investment advice.