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Crypto Analyst Adamant on Further Capitulation of Bitcoin

Acclaimed analyst ‘il Capo of crypto’ predicts Bitcoin price will fall to $12,000 in the current cycle.il Capo says that despite the current rally, Bitcoin’s...
Crypto Analyst Adamant on Further Capitulation of Bitcoin © Reuters Crypto Analyst Adamant on Further Capitulation of Bitcoin
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  • Acclaimed analyst ‘il Capo of crypto’ predicts Bitcoin price will fall to $12,000 in the current cycle.
  • il Capo says that despite the current rally, Bitcoin’s bearish trend remains valid.
  • The analyst advised followers not to buy Bitcoin at the current price level.

Acclaimed crypto analyst, ‘il Capo of Crypto’ insists that Bitcoin price will fall in the short term. With a pictorial illustration, the crypto analyst predicted that Bitcoin price will fail to overcome the current resistance around the $18,400 region. il Capo’s prediction targets the $11,500 to $12,000 price region as the actual bottom for Bitcoin in this bear cycle.

il Capo is famous for his ruthless presentation and high accuracy in crypto analysis. His latest announcement via his usual Twitter account contained just a few words and a screenshot of his chart analysis. In the four-word tweet, he said: “Good morning. No changes”.

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06-02-2023 10:48:22 (UTC+7)

EUR/USD

1.0792

-0.0001 (-0.00%)

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Moving Avg:

Buy (4)

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Indicators:

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EUR/USD

1.0792

-0.0001 (-0.00%)

Summary

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Moving Avg:

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GBP/USD

1.2056

+0.0005 (+0.04%)

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USD/JPY

131.82

+0.64 (+0.49%)

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Moving Avg:

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AUD/USD

0.6926

+0.0007 (+0.10%)

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USD/CAD

1.3404

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EUR/JPY

142.25

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EUR/CHF

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54.040

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    EUR/USD 1.0792 ↑ Sell  
    GBP/USD 1.2056 Neutral  
    USD/JPY 131.82 ↑ Sell  
    AUD/USD 0.6926 ↑ Sell  
    USD/CAD 1.3404 ↑ Sell  
    EUR/JPY 142.25 ↑ Sell  
    EUR/CHF 0.9991 ↑ Buy  
    Gold 1,888.30 ↑ Buy  
    Silver 22.460 ↑ Buy  
    Copper 4.0587 Sell  
    Crude Oil WTI 73.50 ↑ Sell  
    Brent Oil 80.12 ↑ Sell  
    Natural Gas 2.440 ↑ Sell  
    US Coffee C 173.63 Buy  
    Euro Stoxx 50 4,257.98 ↑ Buy  
    S&P 500 4,136.48 ↑ Buy  
    DAX 15,476.43 ↑ Buy  
    FTSE 100 7,901.80 ↑ Buy  
    Hang Seng 21,194.50 Neutral  
    Small Cap 2000 1,985.53 ↑ Sell  
    IBEX 35 9,225.60 Neutral  
    BASF 54.040 ↑ Buy  
    Bayer 56.68 Neutral  
    Allianz 220.75 ↑ Buy  
    Adidas 161.06 ↑ Buy  
    Lufthansa 9.902 ↑ Sell  
    Siemens AG 145.02 ↑ Sell  
    Deutsche Bank AG 11.530 Buy  
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SJC Eximbank6,650/ 6,710
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