<ul data-eligibleForWebStory="true"><li>Popular analyst known as  'il Capo of Crypto' warns that the recent bounce in Bitcoin's price may be a temporary pause before another significant drop.</li><li>Bitcoin briefly dropped to $100,000 last week but has since rebounded to around $107,415. However, il Capo believes there are no signs of market capitulation.</li><li>He predicts Bitcoin could fall below six figures again, testing a support level between $92,000 and $93,000. If this level fails, a deeper decline to $60,000–$70,000 range is possible.</li><li>Il Capo also warns altcoin investors of potential sharper declines if Bitcoin starts descending, possibly losing between 50% and 80% of their value. He views the broader crypto market as overexposed and vulnerable to another correction wave.</li></ul>

Analyst Warns Bitcoin Bounce Could Be a Trap

Discover more