Analyst Predicts Possible 10-20% Drop in Bitcoin Price

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.

READ MORE:

FTX to Auction Worldcoin Tokens at Up to 75% Discount to Repay Creditors

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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.