Ethereum

GameStop

Bitcoin

After the live broadcast organized by RoaringKitty, the biggest influencer of GameStop shares, was followed by approximately half a million people and broadcast live on channels such as CNBC in the USA, there was a huge decline in the stock and the cryptocurrency market. 
GameStop shares are closely linked to memecoins in the cryptocurrency world, and the depreciation of GameStop shares led to a massive bearish wave among memecoins. This triggered the decline in all other cryptocurrencies, including Bitcoin. 
At the time of writing this article, Bitcoin price is at 69,034 with a decrease of approximately 3% in the last hour. 
Il Capo, one of the most well-known analysts in the cryptocurrency world, announced his latest opinions after the decline. In his statement, il Capo said that there was a strong sales wave in the support area. 
Related News: <a href="https://en.bitcoinsistemi.com/breaking-bitcoin-price-plummeted-below-69000-what-caused-the-decline-here-is-the-liquidation-data/" target="_blank" rel="dofollow">BREAKING: Bitcoin Price Plummeted - Below $69,000! What Caused the Decline? Here is the Liquidation Data</a> 
The analyst argued that altcoins in particular were losing blood, but despite this, this was seen as a “shake-up”. According to the analyst, the bullish process may continue if the current support levels hold. 
il Capo determined the first support level for BTC as around $69,000 and the second as around $67,000. On the Ethereum side, he described the level below approximately $ 3,600 as “not good”. 
The analyst claimed that there was also a clear support level test for Solana. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/legendary-analyst-il-capo-speaks-after-the-markets-big-drop-heres-his-moves/">Legendary Analyst il Capo Speaks After the Market’s Big Drop – Here’s His Moves</a>

Legendary Analyst il Capo Speaks After the Market’s Big Drop – Here’s His Moves

Bitcoin Sistemi EN

Other articles published on Jun 7, 2024

BlockDAG’s Momentous Rise: Leading the Crypto Charge Beyond Tron and Uniswap with Keynote 2!

SRIZE Presale Goes Live: The Next Big Sustainability-Focused Meme Coin on Solana

Explosive Growth: Why MoonBag Crypto, KangaMoon, and Theta are Must-Watch Cryptos in 2024

Whale Transfers and Technical Indicators: What’s Next for XRP?

BlackRock IBIT Spot Bitcoin ETF Surpasses 300,000 BTC in AUM

Bitcoin Price Prediction: As Standard Chartered Says BTC Could Hit $150K This Year On Donald Trum...

Join our free newsletter for daily crypto updates!