Bitcoin (BTC) Analyst il Capo Speaks After Long Break: He Gave New Price Target!

Cryptocurrency The analyst named il Capo of Crypto, who came to the agenda with fall predictions for Bitcoin (BTC) in the market, has been silent for a long time.

Making a statement during the hours when the Bitcoin price exceeded $ 25,000, the analyst said that there was no change in his thoughts and that he would not buy BTC.

Bitcoin Analyst Il Capo Says His Main Target Is $12,000

In addition, il Capo said that the price target for BTC is $12,000.

With the rise in the BTC price, many crypto community representatives reacted to il Capo, who did not keep the decline forecast.

some thoughts.

I’ll continue to ignore the noise after this. pic.twitter.com/B4MFV2Bawb

— il Capo Of Crypto (@CryptoCapo_) February 17, 2023

il Capo said in his statement on the subject:

“In the face of this insult and hatred I’ve been subjected to these days as I continue to live my life, I’ll make a few things clear:

Unlike those who try to tarnish my image and make fun of me to get jealous and more attention, here I have always maintained respect and never sought fame. Because respect is everything.

It should be noted that my bearish sentiments did not come after recent local lows. I was out of the market at the level of 40 thousand dollars.

And yes, of course I didn’t anticipate this final leap. I do not deny this. The buy trend has caused some altcoins to see stronger-than-expected rallies. There were good profits to be made. Congratulations to those who managed to read this and take advantage of the situation.

Continuing to talk about the current market situation, I think this is still the biggest bull trap ever. All this movement was artificially pumped with BUSD and USDC. The evidence is there. It looks like a clear bear market rally, B/X wave, echo bubble or whatever you want to call it. The bear analysis has not yet expired.

12,000 remains the main target.”

*Not investment advice.