One of the most well-known names in the cryptocurrency world, il Capo of Crypto, shared his new moves in 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 his new move, he added some gaming and artificial intelligence tokens to his portfolio, which 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 said 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 clearly distributing from these levels.
However, he also stated that there may be some transfers of funds from BTC before the bearish confirmation comes, especially for some altcoins where BTC pairs are extremely undervalued, as the Bitcoin price drops below $90,000.
The analyst stated that he could modify this scenario by looking at how the resistance and support levels in question behave.
*This is not investment advice.
