{"id":148923,"date":"2025-02-07T19:30:53","date_gmt":"2025-02-07T17:30:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148923"},"modified":"2025-02-07T17:44:04","modified_gmt":"2025-02-07T15:44:04","slug":"bitcoin-may-drop-to-below-90k-amid-continued-market-weakness","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-may-drop-to-below-90k-amid-continued-market-weakness\/","title":{"rendered":"Bitcoin May Drop to Below $90K Amid Continued Market Weakness"},"content":{"rendered":"<p>While some analysts predict that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s price<\/a><\/strong> could dip further, Il Capo of Crypto, known for his often bearish stance, has weighed in with his expectations.<\/p>\n<p>In a recent <strong><a href=\"https:\/\/twitter.com\/CryptoCapo_\/status\/1887822635104457087\" target=\"_blank\" rel=\"nofollow\">post<\/a><\/strong>, he suggested that if the price declines again, Bitcoin could reach a level between $88,000 and $90,000, with altcoins possibly seeing a drop of 10-30%.<\/p>\n<p>Despite a small recovery after the initial drop earlier in the week, Il Capo believes weaknesses remain in the market.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/germanys-election-could-redefine-crypto-regulations\/\" title=\"Germany\u2019s Election Could Redefine Crypto Regulations\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/germany-with-new-crypto-rules-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Germany\u2019s Election Could Redefine Crypto Regulations<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>To manage potential losses, he has reopened his hedge position, a strategy where an investor holds multiple positions to offset losses from one with gains from another.<\/p>\n<p>Il Capo stated that while he expects a local bottom in the near future, his strategy remains unchanged: buy the dips even if the market faces another decline. He anticipates that Bitcoin could eventually find its footing, but it will require clear bullish signals to shift his outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has been trading within a narrow range, following a sharp downturn, with no clear breakout in either direction, leaving investors uncertain about the next significant movement.<\/p>\n","protected":false},"author":9,"featured_media":146672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-148923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin May Drop to Below $90K Amid Continued Market Weakness<\/title>\n<meta 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