Bitcoin and altcoin continue to suffer under the weight of President Donald Trump’s new tariff announcement.
While BTC and Altcoins have failed to rise in the face of tariff-backed economic uncertainty, IL Capo, analyst remembered as Bear’s analyst, remains optimistic about the market.
In his statement via his X and Telegram accounts, he states that Bitcoin is preparing for the rise, and despite the current downward trend, the general picture is bullish.
IL Capo first said that Bitcoin is ready for uptrends and is currently trying to find a direction.
Analysts pointed out that BTC metrics are bullish in the short term, making them even more likely to move upwards.
However, he said Bitcoin needs to regain $85,000 for the rise.
“When Bitcoin regains $85,000, the target will be between $92,000 and $98,000. This is the next strong area of resistance.”
IL Capo said Trump’s tariff announcement has already been priced.
Bear trap!
As Bitcoin suffers a sudden decline due to tariffs, IL Capo claims it is a bear trap.
IL Capo, who says that investors should not sell BTC at this point, concludes that selling Bitcoin is a major mistake at this point.
Speaking to the recovery, analysts said there is only one trigger needed for the rise.
“The situation with Bitcoin really looks like a bear trap. I think selling it here is a big mistake.
The jump must be strong. A trigger is required. ”
*This is not investment advice.
