Il Capo, one of the most well-known analysts in the cryptocurrency world, talked about the general situation of Bitcoin and the crypto market in his statement.
The analyst claimed that the market is currently acting in accordance with his analysis. According to il Capo, Bitcoin price is experiencing a slow decline towards between $57,000 and $59,000, and Ethereum is in the process of falling between $2,700 and $2,800.
The analyst stated that if he sees bullish signs at these levels, he will start thinking bullish in the short term and may turn to some altcoins, especially those with low market value. The analyst added that he would share some of these altcoins if he bought them.
He added that the levels he mentioned regarding the fate of the cryptocurrency market are very important. However, touching on the issue of turning to the bull side in the short term, il Capo added that he said this despite the possibility of the market making a good jump because his main opinion is that the coming months will be bearish.
Giving details about his own positions, the analyst said that he currently has a short position in CRO and BNB and that he will wait for the correction process we are in to end for his next moves.
*This is not investment advice.
