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?

Who governs the crypto market?

Traders, whales, and HODLers might govern the crypto market trajectory but analysts, more often than not govern the market sentiment acting as a guiding light for many in the space. Pseudonymous crypto analyst Il Capo of Crypto has a tightly knit follower base on Twitter of around 541.9K followers.

Is Capo predicting the 2022 bitcoin collapse?

In a recent Tweet, Capo has laid down two bearish scenarios for BTC both of which can see Bitcoin fall by nearly 30% from current levels of $19,123. The renowned analyst who correctly predicted the 2022 Bitcoin collapse has been accused of inaccurate predictions and pumping low-cap altcoins.

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.