Bitcoin Holds Above $100K, But Analyst Sees Trouble Brewing

The crypto market’s well-known skeptic, Il Capo of Crypto, has once again sounded the alarm—arguing that the worst may still be ahead, even as Bitcoin remains above the $100,000 mark.

In a recent update, the analyst dismissed recent pullbacks as just the beginning, stating bluntly: “We haven’t seen anything yet.” While Bitcoin’s price has cooled slightly, Il Capo points to altcoins as the real sign of market weakness, noting that many have already dropped steeply from local highs.

He believes that if Bitcoin begins to slide toward key support zones—starting around $93,000 and potentially dropping as far as the $60,000–$70,000 range—the damage to the altcoin market could be significantly worse. “Imagine the state of alts if BTC revisits those levels,” he cautioned.

READ MORE:

Corporate Interest in XRP Surges as Firms Eye It for Treasury Reserves

Il Capo’s outlook marks a shift from his recent, more optimistic tone. Despite his bearish turn, Bitcoin did recently notch a fresh all-time high before dipping back below the $104,000 mark. As of now, the asset is trading around $103,386—still high historically, but showing signs of fragility.

While his previous bearish predictions have drawn both criticism and praise, Il Capo continues to attract attention for his contrarian takes—especially at a time when many expect crypto to hold steady. Whether his warnings play out remains to be seen, but one thing is clear: he believes the real volatility hasn’t even started.

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.