In his latest market update, the analyst cautioned that the sharp selloff could mark the early stages of a larger and more unpredictable event – what he described as a potential “black swan” scenario. He believes that while extreme capitulation has already hit many altcoins, the broader market still hasn’t reached a true bottom.
According to il Capo, several major cryptocurrencies remain overextended and could still face further declines. He warned that even areas traditionally seen as strong “buy zones” might fail to hold if another wave of panic selling occurs.
Bitcoin, which is currently trading above $100,000, may still need to correct further before a sustainable recovery can begin. The analyst pointed to a range between $60,000 and $70,000 as a possible bottom zone that could reset market conditions. Until then, he said, downside risks remain high.
Il Capo also extended his caution beyond digital assets, noting that structural fragility in traditional financial markets could amplify volatility across all asset classes. He warned that the next few weeks could bring a period of uncertainty and a temporary “reset” before investor confidence returns.
For now, the analyst expects sideways trading to continue over the weekend, followed by renewed downward pressure once global markets reopen. His message to investors: stay cautious, avoid overexposure, and prepare for unexpected shocks.
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