Analyst Warns Bitcoin Bounce Could Be a Trap
Despite a recent rebound from last week's lows, one of the crypto market’s most prominent bearish voices remains unconvinced that the worst is over.
Popular analyst known as “il Capo of Crypto” reiterated his grim outlook, warning followers that the recent recovery in Bitcoin’s price may be nothing more than a temporary pause before another major drop. Bitcoin, which briefly plunged to $100,000 last week, has since bounced back to around $107,415 — but il Capo sees no signs of a proper market capitulation.
He believes Bitcoin still has room to fall, potentially slipping below the six-figure mark again before testing a support zone between $92,000 and $93,000. If that level fails to hold, he expects an even deeper slide to the $60,000–$70,000 range, which he views as a possible bottoming phase.
Il Capo also issued a stark warning for altcoin investors. If Bitcoin begins its descent, he anticipates altcoins could suffer even sharper declines — possibly losing between 50% and 80% of their current value. According to him, the broader crypto market remains overexposed and vulnerable to another correction wave.
Since late May, the analyst has maintained a strong short position, particularly targeting altcoins. Despite signs of strength in recent price action, he remains firmly in bearish territory, suggesting that the true shakeout may still be ahead.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
