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>>Bitcoin's recent drop hasn't triggered a major, unexpected crisis, according to a leading analyst.

Bitcoin's recent drop hasn't triggered a major, unexpected crisis, according to a leading analyst.

crypthub

1 day ago

Market Decline and Potential Shock

Cryptocurrency markets recently fell following Donald Trump’s statements regarding customs duties on China. Analyst Il Capo predicts this decline could be a prelude to a significant, unexpected market shock, a “black swan” event. He suggests this may be the initial phase of a larger process, with markets not yet at their lowest point. Some major cryptocurrencies haven’t fully corrected while many altcoins are experiencing capitulation.

Bitcoin's Trajectory and Risk

Bitcoin is currently trading above $100,000, but a complete correction might occur between $60,000 and $70,000. Il Capo believes downside risks persist unless this price range is reached. Further price declines are possible, potentially breaking even previously considered "buy zones." Lower price levels could form below the current market levels.

Traditional Market Vulnerabilities

Structural weaknesses are evident in traditional financial markets, amplifying potential global shocks. These weaknesses could lead to a “reset” before market confidence is restored. A period of instability may occur before confidence can be re-established.

Investor Caution and Future Trends

Investors are advised to exercise caution moving forward. Markets may stabilize temporarily over the weekend. However, a renewed downward trend is anticipated when global markets reopen next week.