Il Capo’s Latest Bitcoin Forecast

Despite a 4% decline in Bitcoin’s price to $69,000, Il Capo predicts further potential drops, focusing attention on the $60,000 level.

After the decline in Bitcoin, Il Capo of Crypto, one of the most followed names in the cryptocurrency world and well-known for his pessimistic analyses, shared his new perspectives with his followers.

The price of Bitcoin has decreased by around 4% today and is currently $69,000 as of this writing.

Il Capo asserted in his statement that the upward trend of yesterday had been entirely reversed and that all attention is now focused on the level below $60,000, which he had previously predicted.

The analyst predicts that liquidity in this region could be put to the test.
In a separate illustration that was recently published, il Capo also elaborated on his analysis of the enduring price fluctuations of Bitcoin.

As per the analyst’s shared post, the price of Bitcoin will initially decline from its present level to the liquidity zone below $60,000. The subsequent action taken by the price will significantly influence its future trajectory.

Il Capo’s Bullish Perspective

According to him, should Bitcoin recover from a price decline below $60,000, it could reclaim the record for the most outstanding price level in history by reaching between $74,000 and $75,000.

Nevertheless, the analyst anticipates a subsequent decline following this transient ascent and asserts that a decrease below $60,000 could lead to a decline below $54,000 by mid-May.