Who is Il Capo of crypto?

Currently, Bitcoin is trading at around $24,000, a decline of 65 percent in a matter of a few months. However, there were a few people who predicted such a fall. A popular crypto trader by the pseudonym of il Capo of Crypto (@CryptoCapo_) did just that. Who is il Capo of Crypto and what is he saying now regarding cryptocurrencies ’ future?

What does Il Capo think of bitcoin & altcoins?

He sees that there might be short-term bullishness for Bitcoin but the long-term trend remains bearish. His main target for BTC remains between $15,800 and $16,200. il Capo sees more pain ahead for cryptos. The analyst sees more pain for altcoins as a whole and expects them to continue suffering a larger percentage decline than Bitcoin.

Does Il Capo have a sustained upward momentum?

Despite crypto markets’ recent surge, il Capo doesn’t see any sustained upward momentum. Recently, the crypto market has taken off along with other risk assets as the Fed hiked interest rates by another 75 basis points for the second month in a row.

What are Il Capo's biggest calls?

Il Capo’s biggest calls include accurately calling the top of the crypto market in early 2022, successfully predicting Bitcoin’s halving event in May 2020, and correctly forecasting Ethereum’s price surge in April 2021.