Acclaimed analyst ‘il Capo of crypto’ predicts Bitcoin price will fall to $12,000 in the current cycle.
il Capo says that despite the current rally, Bitcoin’s bearish trend remains valid.
The analyst advised followers not to buy Bitcoin at the current price level.
Acclaimed crypto analyst, ‘il Capo of Crypto’ insists that Bitcoin price will fall in the short term. With a pictorial illustration, the crypto analyst predicted that Bitcoin price will fail to overcome the current resistance around the $18,400 region. il Capo’s prediction targets the $11,500 to $12,000 price region as the actual bottom for Bitcoin in this bear cycle.
il Capo is famous for his ruthless presentation and high accuracy in crypto analysis. His latest announcement via his usual Twitter account contained just a few words and a screenshot of his chart analysis. In the four-word tweet, he said: “Good morning. No changes”.