Big Bitcoin Shorter il Capo Breaks His Silence: Why Aren’t Altcoins Rising With BTC?

bitcoin (BTC) Cryptocurrency analyst il Capo Of Crypto, who is famous for his analyzes that there will be a continuous decrease in the price of the company and has been buried in a deep silence after the recent rises, made new statements on Twitter today.

Il Capo announced that he is enjoying his private life away from social media platforms.

il Capo Says Bitcoin Is Still On A Downtrend

Thanking his followers in his tweet, Il Capo said, “Despite all the noise, I know that the vast majority of those who follow me are sincere and good people. And these people deserve an update.” said. Saying that his time away from Twitter was necessary and beneficial, Capo thanked everyone who showed interest.

The analyst then provided an update on the current state of the cryptocurrency market, noting that the price of Bitcoin exceeded $25,000, but altcoins did not follow it and faced great resistance.

Il Capo also explained that his own system is telling him that the recent move from the lows was a highly manipulated move, mostly with BUSD and USDC, and the truth will soon emerge:

“The price has surpassed 25,000 but altcoins have not followed suit and are hovering at major resistances. My system tells me that the move from the lows is a highly manipulated move (mostly with BUSD and USDC) and soon the truth will emerge. And when that happens…”

Despite all the noise, I know that the vast majority of those who follow me are genuine and good people. And these deserve an update:

This time away from Twitter has been very good and necessary. I’m totally fine, enjoying my personal life. Thank you to everyone who has shown… https://t.co/ZEoe6xmDox

— il Capo Of Crypto (@CryptoCapo_) March 19, 2023

However, il Capo stated in his statement that he is still in favor of the bear and has completely withdrawn from the market:

“I continue my bearish trend and am completely out of the market. New lows are still possible.”

*Not investment advice.