Il Capo of Crypto, one of the leading analysts in the cryptocurrency world, published an important update for his followers after evaluating the latest developments in the altcoins and Bitcoin market.
Bitcoin
According to il Capo, a short-term pumping action may occur in the Bitcoin price. The analyst predicts that this upward wave could push the price of Bitcoin to $43,000-44,000 levels. He also expects a rise for Ethereum between $2,300 and $2,400.
According to il Capo, during this temporary rise period, some altcoins may also form new peaks. However, according to the analyst, the second period of the bear market will begin after this rising wave. With the chart he shared to his followers, il Capo thinks that the price of Bitcoin may decline again around $44,000 and fall below $40,000.
What is the Ultimate Goal?
According to the analyst, Bitcoin’s ultimate target is at $12,000. This forecast reflects il Capo’s expectation that the market will move downwards in its long-term perspective.
As a result, altcoins may be facing significant volatility ahead of the upcoming bullish period, according to il Capo of Crypto’s analysis. However, the information shared by the analyst is expected to guide investors. It will be important for cryptocurrency investors to follow whether these scenarios will come true.
