Cryptocurrency expert il Capo of Crypto has revised his outlook in light of Bitcoin's recent downturn and the sluggishness in the broader market.
Previously known for his optimistic views, il Capo has acknowledged the current market’s lackluster performance.
He suggested that a “final pullback” of 10% to 20% is plausible, which could present an opportunity for buyers looking to acquire assets at lower prices.
The analyst predicts that if this scenario unfolds, Bitcoin might dip to a range of $48,000 to $50,000, while Ethereum could see a drop to approximately $2,000.
Recent geopolitical tensions, particularly between Iran and Israel following a missile attack from Iran, have contributed to Bitcoin’s decline.
However, a report from BlackRock indicated that Bitcoin typically rebounds around 60 days after such geopolitical unrest.
Robert Kiyosaki, known for his best-seller “Rich Dad Poor Dad,” has become a strong advocate of Bitcoin, despite joining the crypto scene later than many.
New data reveals that Bitcoin long-term holders (LTHs) have significantly increased their supply over the past month.
An upcoming HBO documentary, directed by Cullen Hoback, is set to explore one of the biggest mysteries in the digital world: the identity of Bitcoin’s creator, Satoshi Nakamoto.
Mike Novogratz, the CEO of Galaxy Digital, recently highlighted a new potential catalyst for Bitcoin’s price growth.