Legendary Analyst il Capo Reveals His Short-Term Expectations for Bitcoin Price After Bitcoin Plunge

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.

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