Il Capo of Crypto, one of the most well-known and most followed analysts of the cryptocurrency market, announced his latest views after the decline that brought the Bitcoin price below $ 60,000.
In his statement, il Capo said that the BTC price has finally reached the liquidity zone below $ 60,000, as he expected. According to the analyst, a local bottom may occur in this region between $ 57,000 and $ 59,000.
However, il Capo said that we are experiencing key moments in the current situation and stated that he is monitoring the market closely.
On the other hand, the analyst, who shared a Bitcoin chart after these statements, said that the BTC price should retreat to around $ 57,500 in the short term. Then, he claimed that with the next rise, there may be a rise first to around $62,700, then to $64,000 after the support level of $60,800 is reached again.
On the other hand, the analyst claimed that he reached a 98% profit in the CRO token, in which he recently took a short position.
*This is not investment advice.