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Bitcoin continued to be traded in a horizontal range after the harsh decreases, while both directions have not yet exit and leaving investors curious about the next major movement.
Some analysts warned that the price of BTC may fall a little further, while one of them was the province Capo.
Province Capo of Crypto, known for his views in favor of the bear and is frequently criticized by investors with the fall comments, Bitcoin ve to subcoins shared their expectations.
In the event of a second decline in the share of the province of Capo, his sharing from his X account BTC price of 88,000-90,000 dollars, Altcoins expect a decrease between 10-30 %, he said.
Although Bitcoin and Altcoins experienced a small recovery after a harsh decline at the beginning of the week, the analyst said that there are still weaknesses, and that he had re -opened the hedge position until he saw a second wave of decline.
In the crypto currency market heding (Hedge position) is a strategy used to help an investor compensate for the damage that an investor may suffer due to a negative price movement in an asset. The key point here is to keep two or more open positions when processing. If you have any loss in your first investment position, you can compensate them with the earnings you get from the second.
The analyst finally said that he plans to continue to hodl, even though a second wave of sales came, said he was waiting for a local bottom, stating that he plans to buy decreases.
“Although there is a recovery in the market after the decline, there are still some basic weaknesses.
I reopened the hedge position until the appropriate rise approvals or a second wave of decrease in the BTC to reduce it to approximately 88k-90K.
Some subcoins may drop by 10 %to 30 %.
Even if this happens, the plan is the same: hold and buy the fall. An important local bottom must be very close. “
Despite the strong market bounce after the capitulation event, there’s still some underlying weakness.
I’ve reopened the hedge position until we see proper bullish confirmations or a second dip, which might bring $BTC down to around $88k–$90k. Some altcoins could drop another…
— il Capo Of Crypto (@CryptoCapo_) February 7, 2025
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/buyuk-ayi-analisti-il-capo-bitcoin-ve-altcoinlerin-gelecegine-dair-beklentilerini-siraladi-yeni-stratejsini-acikladi/