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The Experienced Chief Analyst Shared His New Prophecy About Altcoins!
In his latest post shared with his followers, il Capo of Crypto, known as the "bear analyst" of the crypto market, shared some thoughts favoring the bear market again.
According to the analyst, the main breakout has not yet occurred despite the recent declines. The analyst expressed this situation as "we haven't seen anything yet."
According to the Chief, although Bitcoin is still above 100,000 dollars, altcoins have shown a significant decline from local peak values. The analyst stated that this situation could be felt even more severely in altcoins as the BTC price drops to the first support level of 93,000 dollars and then to the main support range of 60,000–70,000 dollars: "Imagine what could happen if it falls here."
Until a short while ago, the analyst who was making quite bullish statements has turned back to bearish, but contrary to all his claims, the BTC price has once again broken the all-time high price record.
Today, the price of BTC has fallen below the important psychological barrier of 104,000 dollars. At the time this article was written, the world's largest crypto asset is trading at a price level of 103,386 dollars.
*This is not investment advice.
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