Cryptocurrency

Cardano

Bitcoin

when

Change

Following the sudden decline in the cryptocurrency market today, Capo of Crypto, one of the most well-known analysts in the market and described as legendary by some, published a statement about Bitcoin.
Bitcoin price dropped almost 5% today and fell to $66,123. The decline in question was also felt on the altcoin side. Altcoins also experienced a decline at approximately similar rates to BTC.
In his last post, analyst il Capo of Crypto declared that the $67,000 level, which is of extremely high importance in his opinion, was broken downwards. However, despite this, the analyst thinks that demand still remains strong.
Related News: <a href="https://en.bitcoinsistemi.com/statement-from-cardano-founder-charles-hoskinson-ada-is-preparing-for-the-biggest-change-in-its-history/" target="_blank" rel="noopener noreferrer nofollow">Statement from Cardano Founder Charles Hoskinson: "ADA Is Preparing For The Biggest Change In Its History"</a>
On the other hand, touching on his scenarios and expectations, il Capo stated that exceeding the current level of $67,000 again would be in favor of the bulls. In addition, he said that the $65,000 level is another strong support point.
According to the analyst, when the metrics are examined, the more likely scenario is that the $ 67,000 level is exceeded again, and this price movement will mean a deviation. The analyst also stated that his current position is “wait and see”.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/after-the-sudden-decline-in-bitcoin-legendary-analyst-il-capo-shares-what-to-expect-next/" rel="noopener noreferrer nofollow">After the Sudden Decline in Bitcoin, Legendary Analyst il Capo Shares What to Expect Next</a>

After the Sudden Decline in Bitcoin, Legendary Analyst il Capo Shares What to Expect Next

Bitcoin Sistemi EN

Other articles published on Jun 11, 2024

BlockDAG’s Mobile Mining Breakthrough with X1 Miner App Beta Launch, TON and Cardano’s Gains & Sh...

Ledgible Launches Tax Reporting for Tokenized Real-World Assets (RWA)

Ethereum Price Downward Drift: Decline Resumes Again

Crypto News Today:Market in Turmoil Before Fed Rate Decision

Bitcoin Whale Moves 8,000 BTC

OP Mainnet Releases Fault Proofs, entering into Stage 1 Decentralization

Join our free newsletter for daily crypto updates!