Bitcoin Price Plunges: Expert il Capo Sees Potential for Major Correction

Crypto influencer and renowned analyst il Capo has weighed in on the recent downturn of Bitcoin (BTC). The price saw a substantial drop within 24 hours, with BTC currently trading at $102,641. This decline follows a concerning streak for Bitcoin. Analyst il Capo believes the bearish trend may be short-lived, suggesting that Bitcoin’s price will likely find support in the range of $67,500 to $53,500 before experiencing further drops. He predicts a significant correction for both BTC and altcoins, potentially leading to a 60% to 80% plunge for some.