One of the most prominent figures in the crypto world, known as Il Capo of Crypto, recently shared his insights on the Bitcoin market following a drop below $60,000. According to Il Capo, the BTC price has entered a liquidity zone below $60,000, aligning with his earlier predictions. He anticipates a potential local bottom forming in the range of $57,000 to $59,000 as the market evolves.
In light of these developments, Il Capo emphasized the importance of closely monitoring the market dynamics, highlighting the critical juncture at hand. In a chart shared by the analyst, it was suggested that Bitcoin could see a short-term pullback towards $57,500 before a potential rally towards $62,700. Subsequently, a further uptrend to $64,000 may materialize once the crucial support level of $60,800 is reclaimed.
Moreover, Il Capo disclosed a remarkable 98% profit gained from a short position in the CRO token, underscoring the significance of strategic investments in the crypto space. As always, it is essential to remember that this information is provided for educational purposes only and should not be construed as financial advice. Stay informed and make informed decisions in the dynamic world of cryptocurrencies and NFTs.
