en.bitcoinsistemi.com
Il Capo of Crypto, a well-known analyst in the cryptocurrency world, offered a new perspective on $BTC today following the significant drop in its price.
Speaking about the long-term outlook for $BTC, the analyst stated that the price touched its all-time high in 2024 and entered a “main support zone.”
Il Capo stated that market sentiment appears extremely negative, with the Fear and Greed Index in the extreme fear zone for the past few days. Many market participants are expecting lower levels. Furthermore, according to the analyst, there are numerous headlines reflecting this negative sentiment.
Considering all of this, the analyst says that now is probably the worst time to think bearish. The analyst, who has previously made numerous posts predicting a rise in $BTC, added that he does not own or trade Bitcoin. According to him, he only uses $BTC as a reference.
*This is not investment advice.