Crypto Analyst Il Capo Revises Outlook After Market Surge

Il Capo of Crypto, a prominent and often controversial analyst in the cryptocurrency sphere, has recently addressed the market's significant rise, which contradicted his earlier predictions of a major decline. Known for his bearish stance since May, Il Capo had anticipated a market downturn but has since revised his outlook.

In his latest statements, Il Capo reassured investors who missed the recent rally, emphasizing that there will always be future opportunities, potentially even better than the current ones. He maintains his belief in an imminent major decline but expects a substantial recovery wave in the latter part of the year, specifically in October and November.

Regarding Bitcoin, Il Capo noted that the cryptocurrency failed to achieve its first month of approval by dropping below $115,000. He also provided insights into Solana, stating that the coin is currently testing its old resistance levels between $170 and $200, with a main target range of $60 to $80.

One of the most notable revelations from Il Capo was his decision not to sell Ethena (ENA) during the period of his bearish predictions. He explained that if the bearish scenario materializes, ENA could potentially fall to $0.20. However, he indicated that he would consider buying more ENA in such a scenario, demonstrating his confidence in the altcoin's long-term prospects despite the current market volatility.