Following the recent sudden decline of #bitcoin, the renowned analyst known as the Capo of Crypto, often described as legendary by some, has shared his views on the recent developments. of Bitcoin.

Today, the price of Bitcoin dropped nearly 5%, to $66,123.

This decline also affected the altcoin market, as#altcoinsalso experienced a similar decline to $BTC.

In his latest article, Capo of Crypto highlighted that the critical support level of $67,000 has been broken. However, he emphasized that demand for Bitcoin remains strong despite this price drop.

Discussing the outlook and scenarios, Capo emphasized that a break above $67,000 would once again favor the bulls. He also identified another key support level at $65,000.

According to Capo, indicators suggest that Bitcoin has a greater chance of reclaiming the $67,000 level, which would indicate a surge in price action. He concluded by stating a cautious stance, encouraging "wait and see".

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