Krypto para analysts the Head of Crypto, Bitcoin and gave an update to his views following the decline in the overall market.
il Capo Claims There May Be a 10 to 20 Percent Drop in Bitcoin Price
The analyst, who has previously been talked about with his recent bullish statements, admitted that “the market looks sluggish” after the declines and argued that a “final decline” of 10% to 20% could occur. However, he also claimed that this could create the possibility of buying a dip.
According to the analyst, if this scenario occurs, the Bitcoin price may drop to between $48,000 and $50,000, and the Ethereum price may drop to around $2,000.
il Capo added that this development was something he did not expect.
Bitcoin price has experienced a decline recently due to increasing geopolitical developments. The tension between Iran and Israel flared up after Iran launched a missile attack on Israel, and markets, especially BTC, reacted negatively to the situation. However, BlackRock said in a report published in September that BTC recovered after an average of 60 days due to geopolitical tensions.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-dususteyken-analistten-yeni-fiyat-tahmini-geldi/
