One of the most well-known names in the cryptocurrency market, il Capo of Crypto, evaluated the recent decline in the crypto market led by Bitcoin.
As is known, the Bitcoin price fell below $ 92,000 today after a long period. The world’s largest altcoin, which has experienced a slight recovery, is trading at $ 93,900 at the time of writing this article and has reduced its losses in the last 24 hours to 1%.
On the other hand, well-known cryptocurrency analyst il Capo said in his message during the decline that the correction was deeper than he expected. The analyst had stated in his previous evaluations that he expected the BTC price to decline to $ 95,000.
However, il Capo claimed that there is no need to worry about the recent decline. The analyst, who stated that there is a strong support and demand area between $90,000 and $92,000, said that many altcoins are also currently in the support area. In his own opinion, the analyst argued that it would be a mistake to panic and sell from here.
*This is not investment advice.
