Bitcoin Price Dropped Again – Crypto Expert Warns

Bitcoin analyst il Capo has once again become quite pessimistic about recent developments in BTC.

At the time of writing this article Bitcoin fell to $66,546, representing a drop of 4.5% in the last hour.

He described on his Telegram channel the recent decline in the value of BTC as “not very encouraging” and hinted that he may close his positions if Bitcoin fails to resume its uptrend.

In addition, il Capo revealed that it has expanded its investment strategy by buying the altcoin Render (RNDR). He disclosed that he bought at an average price of $8.89 and the asset is currently trading at $8.32.

The analyst also said that so far $67,000 has been a key support level, but the next bullish signal will come when Bitcoin breaks above $69,000.

Capo also predicts that if this bullish scenario plays out, altcoins may follow as well.