Capo of Crypto, a bearish analyst who creates controversy in the cryptocurrency world with his statements, talked about Bitcoin, which experienced a slight decline in its chart, in his latest analysis.
Chart with hourly candles showing the slight decline in the BTC price in recent hours.
Bitcoin price recently climbed to $ 52,800, creating a local peak and reaching a price not seen in a long time.
However, in the same period, il Capo added in his statement that he expected a 10-15% decrease from this level.
In his new statement today, the analyst stated that he first disposed of all his altcoin positions and that he would re-enter the market in case of a 10-20% decrease.
In addition, the analyst said that regarding the decline in the BTC price in the last hours, the decline he expected in the price has begun, open positions and funding rates have increased, and this is a bearish situation. The analyst claimed that the BTC price could easily drop to $ 45,000 after this stage.
The analyst, who said that he targeted the $ 12,000 level in his previous statements, does not mention this level much in his recent posts and it is not clear whether he insists on this claim.
However, in his new statements, he stated that he expected a decrease in the BTC price to around $ 30,000 to $ 31,000.
*This is not investment advice.
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