Renowned cryptocurrency analyst ‘il Capo’ has shifted back to a bearish stance, predicting a further decline for altcoins despite Bitcoin’s recent surge. Despite Bitcoin remaining above $100,000, il Capo highlights the potential severity of this market downturn based on altcoin price drops compared to their historical peaks. He specifically notes that Bitcoin falling below the key support levels ($93,000 and then $60,000-70,000) could trigger a sharp decline in altcoin prices. llowever, despite his recent bearish predictions, il Capo’s prediction of Bitcoin surpassing its previous record price has proven to be wrong. Bitcoin’s current market price has fallen below the psychological threshold of $104,000 and currently stands at $103,386. ∗This is not investment advice.*