Bearish Analyst il Capo Announces He Will Buy an Altcoin for the First Time in a Long Time, Shares Important Levels for Bitcoin

Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, stated in his statement that he would purchase a new altcoin and in addition shared the levels he believes Bitcoin will come to.

il Capo reported that he made spot purchases from the UniSwap (UNI) token, which was $ 6.54 at the time of his analysis, and targeted a range between $ 12 and $ 14.50. The analyst, who mostly made statements in favor of bears, announced that he bought an altcoin for the first time in a long time.

However, il Capo seems to continue his reputation as a bear analyst. The analyst claims that UNI may drop to between $1.75 and $2.05 with a major collapse after reaching between $12 and $14.50.

In addition, il Capo, who shared his thoughts about Bitcoin, made interesting predictions for BTC, which was at $ 42,844 during his analysis. According to the analyst, BTC price may make a short trip above $ 50,000 in the near future, but with the decline from here, the analyst expects a decline between $ 30,000 and $ 31,000. According to the analyst, a decline from the current level below $40,000 to $41,000 would confirm the bear scenario.

*This is not investment advice.

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