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.
Ethereum (ETH) has just triggered a golden cross against Bitcoin (BTC)—a technical pattern that has historically preceded massive altcoin rallies.
Veteran trader Peter Brandt has reignited discussion around Bitcoin’s long-term parabolic trajectory by sharing an updated version of what he now calls the “Bitcoin Banana.”
Bitcoin is once again mirroring global liquidity trends—and that could have major implications in the days ahead.
The crypto market is showing signs of cautious optimism. While prices remain elevated, sentiment indicators and trading activity suggest investors are stepping back to reassess risks rather than diving in further.