Prominent Bearish Analyst il Capo Makes First Comment After Bitcoin’s Rally Today

Il Capo of Crypto, an analyst who is known for his bearish views and is frequently criticized for this aspect, made his first comment after the impressive rise of Bitcoin (BTC) today.

Today, BTC price exceeded $ 30,000 for the first time after a long time, not counting the fake ETF news. At its peak, BTC was up 5% daily. At the time of writing this article, the world’s largest cryptocurrency is traded at $ 29,525.

In his statement to his followers, il Capo said that the range between $ 29,000 and $ 31,000 continues to serve as a major resistance point unless proven otherwise. According to the analyst, in this period, huge cryptocurrency whales are making large sales and individual investors are collecting the coins distributed by the whales.

The analyst claimed that the bearish views would first be confirmed after falling below $28,000, followed by the second bearish confirmation at the $25,000 level. It is known that il Capo thinks that BTC will turn bullish after $ 12,000.

Il Capo, who often shares his comments about other cryptocurrencies, shared an ambitious idea of finally $ 25 for AAVE, whose current price is around $ 65.

*This is not investment advice.

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