Analyst Il Capo Dey Warn Say Bitcoin Fit Drop Below $108K, E Fit Trigger Major Altcoin Sell-Off
Cryptocurrency analyst wey dem dey call il Capo don warn say Bitcoin fit dey enter bearish phase unless e fit hold above key support. E point one critical level for $108,000. If e drop below dis number, e fit mean say market don reach local top and e go push Bitcoin price go between $60,000 and $70,000. Bitcoin dey trade around $114,800 now, e don drop 2.54% for the past week after e hit all-time high of $124,450.
Il Capo also talk say altcoins fit suffer big capitulation event. If Bitcoin break below $108,000, e expect say altcoin values fit shake up by 50%–80%. Him bearish talk no match recent record highs but e show say we need to confirm market direction.
Traders suppose dey watch Bitcoin support levels well well. If breakdown confirm, e fit trigger big selling for altcoin sector. This analysis dey show how risk management and position sizing important for this kind volatile market.
Bearish
il Capo analyse dey focus on one key Bitcoin support wey dey for $108,000. Historically, when major levels fail, both Bitcoin and altcoins don see sharp drops—like for mid-2021 wen Bitcoin drop below $30,000, e trigger more than 50% pullback across market. If $108,000 break, e fit make trader confidence shake, cause wide liquidation and long downtrend. Short-term, traders fit tighten stops and reduce leverage. Long-term holders fit use lower entry points, but until Bitcoin regain and hold above $108,000, market sentiment go likely remain negative.