Cryptocurrency expert il Capo, a renowned analyst in the market, recently shared his insights on the sudden decline in Bitcoin prices. After Bitcoin dropped nearly 5% to $66,123, il Capo emphasized the significance of the $67,000 level. Despite the downward break, he believes that there is still strong demand in the market.
Il Capo highlighted the importance of surpassing the $67,000 level again for bullish momentum, while also pointing out the $65,000 support level. Analyzing the metrics, he suggested that a re-exceeding of $67,000 would indicate a deviation in price movement. Currently adopting a “wait and see” approach, il Capo refrained from giving investment advice.
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