CandleFocus New Price Prediction from Legendary Analyst il Capo as Bitcoin Plummets
2024-10-02
Author: Content Editor
Cryptocurrency analyst il Capo of Crypto believes that the recent decline in Bitcoin and the overall market indicates sluggishness in the market, and there could be a final pullback of 10% to 20%. However, he also sees this as an opportunity for a dip purchase. il Capo predicts that if this scenario plays out, the Bitcoin price could drop to $48,000 to $50,000 and the Ethereum price could drop to around $2,000. He also mentions that this development was unexpected. The decline in Bitcoin is attributed to increasing geopolitical tensions between Iran and Israel, but BlackRock suggests that Bitcoin tends to recover within 60 days after such tensions.
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