cryptocurrency Capo of Crypto, one of the most well-known analysts of the market, has slowly started to stabilize after the decline in recent days and is currently trending horizontally above $ 60,000. Bitcoin He shared his new thoughts about.
In its statement, il Capo argued that the drop below the expected level of $60,000 had occurred and that some liquidity had been received, but that there was still liquidity waiting to be received. According to the analyst, Bitcoin price may see another downward wave and the price may fall between $57,000 and $59,000.
The analyst justified his prediction of a drop below $60,000 with several indicators. According to il Capo, he cited events such as the observation of bear divergences hidden on BTC charts with many different time frames, SPX making a new local bottom and DXY making a jump, as the reasons for a possible decline below $ 60,000.
However, in the short-term target map he shared, il Capo claimed that the BTC price could make an upward movement from these levels and move its price to around $65,000.
*This is not investment advice.
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