Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Veteran Analyst il Capo Shares The Most Likely Scenario He Expects In Altcoins In The Coming Days

Veteran Analyst il Capo Shares The Most Likely Scenario He Expects In Altcoins In The Coming Days

BitcoinsistemiBitcoinsistemi2025/02/16 02:44
By:Mete Demiralp

Cryptocurrency analyst il Capo detailed the scenario he expected most in the altcoin market in his statement.

One of the most well-known analysts in the cryptocurrency world, il Capo of Crypto, has released an update on altcoins in his latest assessment, which he shared with his followers today.

il Capo recently released a statement in which he argued that he expects altcoins to drop another 20% to 40% from their current levels, after which an altcoin season could be triggered.

The analyst argued in his assessment shared today that this is an “average scenario.” According to the analyst, in such scenarios, Bitcoin price would be the asset that experiences the least decline and is usually around 15% and the target price in the current situation could be around $80,000 to $85,000. However, the analyst does not rule out a candle wick breakout towards the lower level.

Related News Ethereum's Fate is on the Line: Analytics Firm Reveals Must-Hold Price Levels and Resistance

According to the analyst, altcoins could see a 20% to 40% drop, while strong altcoins could see a 20% to 30% drop and weak altcoins could see a 30% to 40% drop. Interestingly, il Capo argued that memecoins would be the hardest hit in such a scenario, witnessing a 50% to 60% decline.

il Capo said that no one wants such a scenario to happen, but the issue is not what people want, but what the market will give people.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Justin Sun Stands Firm: No Plans to Sell Ethereum Assets

In Brief Justin Sun insists on retaining Ethereum assets despite market downturns. Plans for collaborations with Ethereum developers aim to enhance Tron's vision. Strategic partnerships could strengthen Tron's market position moving forward.

Cointurk2025/04/18 22:44
Justin Sun Stands Firm: No Plans to Sell Ethereum Assets

Crypto Capo Predicts Bitcoin Surge as Market Signals Shift

In Brief Crypto Capo predicts a potential Bitcoin surge beyond $85,000. Render shows promise if it bounces back from its support level. Investors are advised to monitor market dynamics closely.

Cointurk2025/04/18 22:44
Crypto Capo Predicts Bitcoin Surge as Market Signals Shift