Few hours ago, Bitcoin has witnessed a sudden drop, which is similar to what the legendary analyst Il Capo has predicted.
Crypto’s Il Capo, one of the most prominent analysts in the cryptocurrency market, has forecasted the impending drop of Bitcoin and the overall cryptocurrency market in a recent post.
While Bitcoin’s price was still above $66,000 just hours ago, it has dropped abruptly and is currently trading at $64,667 at the time of this writing, with a 3.15% decrease in the past 24 hours.
Soon after, Il Capo made his analysis regarding Bitcoin’s flash crash, saying that it is indeed a continuation of the bearish trend that he had previously talked about.
In earlier predictions, Il Capo noted that Bitcoin had left liquidity between $57,000 to $59,000 and the recent rally had been overextended. Thus, a retracement was expected for the market.
