Il Capo, a renowned analyst in the crypto world, shared his current thoughts following the recent changes in Bitcoin and altcoin prices.
Current State of the Cryptocurrency Market
As is known, Bitcoin's price has significantly decreased in recent days, currently trading at $84,556, which is 22% below its all-time high of $109,000. This decline is attributed to the inflationary effects of tariffs President Donald Trump has threatened to impose, as well as economic uncertainties in the United States.
Il Capo's Analysis: Development Scenarios
However, in his latest analysis, il Capo stated that despite the decline, the main plan has not changed. With current prices being lower, the 'dead cat bounce' price movement he previously predicted could be even stronger.
Implications for the Crypto Market
This scenario suggests that a temporary rise might mislead investors, causing a rally followed by an even more significant decline. Nevertheless, the final decline might lead to the commencement of a major new altcoin rally.
Il Capo provides forecasts on the future development of the cryptocurrency market. It is important to note that this analysis is for informational purposes only.
