Experienced Analyst il Capo Says “Overall Outlook Favors Bears in Bitcoin,” Explains How It Could Turn Bullish
Analyst Il Capo of Crypto, known for his bearish outlook on the cryptocurrency market, states that while a slight short-term recovery for Bitcoin is possible, the overall trend remains downward. He dismisses the idea of an 'altcoin season,' calling it a 'dead cat bounce,' and believes a significant market capitulation is required before a true uptrend occurs. Currently, Bitcoin is trading at $103,300, down 2.44% in the past 24 hours, and remains 18.26% below its all-time high of $126,198 recorded on October 6, 2025.
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Analyst Overview and General Assessment
Analyst il Capo of Crypto, known for his pessimistic views on the cryptocurrency market, shared his latest evaluations regarding Bitcoin's current status. While acknowledging that there was a small possibility of a short-term recovery, he maintained that the overall trend remains bearish.
Short-Term Recovery vs. Bearish Outlook
Il Capo elaborated on some of Bitcoin's support levels working on lower timeframes, stating:
“We may see a slight short-term rebound, but the overall outlook is bearish. Many are saying this is the start of the altcoin season. In my opinion, this is just a 'dead cat bounce' and a few exit pumps.” He emphasized the current market dynamics as being susceptible to brief boosts, but not indicative of sustainable growth.
Future Market Prediction
The analyst asserted that a real uptrend would only emerge following a significant market capitulation. Referring to the sharp decline on October 10th, which he labeled as the “pre-black swan period”, Il Capo explained:
“There will come a time to be bullish. Probably after a bigger capitulation than on October 10th. Then I'll be one of the most optimistic. But now is not that time.”
Current Market Data
Recent market data validates the cautious tone of Il Capo's predictions. Bitcoin is currently trading at $103,300, marking a 2.44% decrease in the last 24 hours. The cryptocurrency's market capitalization sits at $2.06 trillion, which is approximately 18.26% below its all-time high of $126,198, recorded on October 6, 2025.
Disclaimer
This is not investment advice.