Big Bear Analyst il Capo Listed His Expectations for the Future of Bitcoin and Altcoins! He Announced His New Strategy!
Il Capo stated in his post from his X account that in the event of a second decline, he expects the BTC price to fall to around $88,000-90,000 and altcoins to fall by 10-30%.
The analyst, who said that although Bitcoin and altcoins experienced a small recovery after the sharp decline at the beginning of the week, there are still weaknesses, said that he reopened the hedge position until he sees appropriate bullish confirmations or a second wave of declines.
Although there was a recovery in the market after the decline, there are still some fundamental weaknesses.
I reopened the hedge position until I see appropriate bullish confirmations or a second wave of declines that could reduce BTC to around 88k-90k.
Some altcoins may fall another 10%-30%.
Even if that happens, the plan is the same: Hold and buy the dip. A significant local bottom should be imminent.”