Cryptocurrency expert il Capo from Crypto has issued a stark warning regarding Bitcoin in his most recent statement.
In his remarks, il Capo expressed a lack of enthusiasm about the current price of Bitcoin (BTC). The price of Bitcoin has been on a downward trajectory since yesterday, currently trading at $66,546 on Binance with a 1.30% decrease in the last hour.
Describing the recent price movement as “pretty ugly,” il Capo cautioned that if Bitcoin does not see a turnaround soon, he will consider closing his positions.
Additionally, il Capo revealed that he has added to his positions in Render (RNDR) today, with an average entry price of $8.89. As of the time of writing, RNDR is trading at $8.32. Following il Capo’s announcement of a long position in RNDR yesterday evening, the price of the altcoin saw a temporary increase.
In his analysis for the day, il Capo highlighted that the $67,000 level had served as a support point for Bitcoin before the recent decline. He suggested that the next bullish confirmation would come if Bitcoin surpasses $69,000, and he believes that altcoins will also benefit from this scenario.
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