In a recent update, il Capo of Crypto, a well-known cryptocurrency analyst, predicts that altcoins may experience a further decline of 20% to 40% before potentially triggering an altcoin season. In this scenario, il Capo expects Bitcoin to have the least decline, around 15%, with a target price of $80,000 to $85,000. Strong altcoins could see a 20% to 30% drop, weak altcoins a 30% to 40% drop, and memecoins potentially facing a 50% to 60% decline. The analyst emphasizes that market conditions will determine what happens, not personal preferences. Note that this information should not be considered as investment advice.



Other News from Today