“Il Capo Of Crypto” is notorious in the world Crypto World. The Bitcoin analyst often makes special statements and predictions that are not to everyone’s taste. Even today he made many traders quite nervous. As the price of the largest cryptocurrency on the market skyrockets, the analyst is waiting a hard crash.
According to analysts, Bitcoin will crash to $30,000
Il Capo’s prognosis about what will happen next Bitcoin (BTC) price is not positive. According to the person behind it, in his opinion, this is the first strength Support zonea level at which cryptocurrencies find support if the price drops sharply.
Altcoins On the other hand, according to the analyst, they will do very well. According to him, altcoin prices will continue to rise while Bitcoin price falls. This will lead to a separation and Bitcoin’s dominance will decrease. Once this happens, the analyst expects the entire market to reverse.
Although the Swing traders looks gloomy about further developments, he has benefited from the increase. If that Bitcoin rate When it reached $40,000, he saw things positively and invested. In that respect he was right. Although the upward movement of Bitcoin price experienced some fluctuations after the launch of the Bitcoin ETF, it has made a nice profit.
Is Il Capo the new Jimmy Cramer?
Of course, it remains to be seen whether Il Capo will be right. He did well in terms of the investment of around $40,000, but that doesn’t have to be true again. Many of his followers criticize the analyst for his bearish (negative) view of the Bitcoin price. He kept saying that BTC price would go down as it rose from $16,000 to $40,000.
In this regard, the analyst is increasingly showing similarities to Jimmy Cramer. The CNBC host is known for making predictions that turn out to be the opposite. When Cramer predicts a Bitcoin price crash, many assume the opposite. However, the analyst is not always wrong. A mutual fund that did the exact opposite of Cramer, recently went bankrupt.