Following the rise in the cryptocurrency market yesterday, there was a sudden decline today.
The world's largest cryptocurrency, Bitcoin, managed to rise above $ 102,000 yesterday evening. However, today, with an unknown reason for the decline, the BTC price lost approximately 4.5% and is traded at $ 97,854 at the time of writing.
Cryptocurrency analyst il Capo, who is well-known in the cryptocurrency market, shared his latest assessment of the situation.
The analyst had said this morning that he expected a 5% to 15% drop in the market, claiming that this was an “opportunity to buy the dip.” The analyst, referring to his morning message, said that the scenario he drew was starting to come true. He also stated that he was adding to his portfolio at this level.
He also said that the Bitcoin price has reached $97,000 and the Ethereum price has reached $3,500, as he targeted, so he is currently adding more altcoins. He added that he has a 75% market exposure. According to the analyst, it seems likely that a local bottom has been found.
*This is not investment advice.
