Bitcoin (BTC) continues to experience a decline in its price, with losses exceeding 5% in the last week. Despite briefly rising above $67,000, BTC could not sustain its position. Renowned analyst il Capo of Crypto has shared his insights on the current market situation. In his recent analysis, il Capo remains bullish, stating that although BTC failed to stay above $65,000, it still represents a strong demand zone. The analyst has defined a demand zone between $65,000 and $63,000, and believes that if the price jumps above $66,000 on the descending trend line, the bull scenario towards $68,000 may become valid. Il Capo also anticipates strong movements in altcoins during this upward trend. The recent decline has resulted in the liquidation of $126 million in cryptocurrency positions within the last 24 hours, with $97 million of that amount being in long positions. TradingView, a chart-based platform for trading, offers tools and data options for detailed market research, including access to an economic calendar. It aims to support users with comprehensive data sets aligned with their different strategies.
