CandleFocus Il Capo Speaks After Bitcoin’s Recent Surge! Real or Temporary?
2024-10-11
Author: Content Editor
In this article, well-known analyst il Capo of Crypto discusses the recent developments in the cryptocurrency market. Bitcoin's price has increased by 6% in the last 24 hours and is currently trading at $62,800. However, il Capo remains cautious and believes that someone is dumping Ethereum heavily, possibly in anticipation of a sell-off related to the PlusToken development in China. The analyst also mentions that the sale of Silk Road Bitcoins seized by the US, totaling $4.37 billion, is no longer hindered. Il Capo expresses skepticism about the current recovery wave, referring to it as a "dead cat bounce," and states that he has maintained his hedge position. This article does not provide investment advice.
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