Crypto Expert Who Predicted the Latest Correction Sees Opportunity to Buy

The cryptocurrency market experienced a surprising shift today, with prices reversing gains from yesterday's rally.

Bitcoin, which surged past $102,000 on Monday, saw its value drop by 5% in the past 24 hours, settling around $95,900 at the time of writing. The cause of this sudden downturn remains uncertain, catching many traders off guard after the previous day’s optimism.

Cryptocurrency analyst il Capo had earlier anticipated a market decline, suggesting this morning that prices might fall between 5% and 15%. Viewing the dip as a strategic buying opportunity, he confirmed adding to his portfolio during the downturn.

Il Capo also noted that Bitcoin and Ethereum had reached his predicted levels of $97,000 and $3,500, respectively. Using this as a signal, he shifted focus to altcoins, increasing his market exposure to 75%. The analyst expressed confidence that the current price levels could represent a local bottom, hinting at a possible rebound.

READ MORE:

CFTC Chair Resigns Amid Calls for Stronger Crypto Oversight

Today’s movements underscore the unpredictable nature of the cryptocurrency market, where rapid price swings often present both risks and opportunities for investors.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.