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06/10 10:55

Bitcoin Holds Above $100,000, But Analysts Are Ske

Bitcoin Holds Above $100,000, But Analysts Are Skeptical

Renowned crypto market analyst, "Il Capo of Crypto", has sounded the alarm again, stating that the worst may be yet to come, even though Bitcoin remains above the $100,000 mark.

In a recent update, the analyst dismissed the recent declines as just the beginning, stating, “ We haven’t seen anything yet. ” While Bitcoin’s price has declined slightly, Il Capo pointed to altcoins as the real sign of market weakness, noting that many of them have already fallen sharply from their local highs.

He believes that if BTC starts moving towards key support areas – starting at around $93,000 and potentially dropping to the $60,000 – $70,000 range – the damage to the altcoin market could be significantly greater, warning:

Il Capo’s forecast marks a change from his more optimistic tone of late. Despite its bearish reversal, Bitcoin recently hit a new record high before falling back below $104,000.

At the time of writing, the asset is trading at around $105,500 – still historically high, but showing signs of volatility.

While his previous bearish predictions have drawn both criticism and praise, Il Capo continues to attract attention with his contrarian views – especially at a time when many expect cryptocurrencies to remain stable. Whether his warnings come true remains to be seen, but one thing is clear: He believes the real volatility is yet to come.

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