Legendary Analyst Reveals What the Next Target Is After Bitcoin's Recovery.

The legendary cryptocurrency analyst il Capo of Crypto has offered his followers new views in light of the latest developments in the market. #Bitcoin price jumped today with the increase in the possibility of an interest rate cut following Jerome Powell's dovish speeches.

Speaking after the rise on the #BTC side, the analyst explained that the first bullish confirmation in the BTC price was the rise above $ 62,000, and that this occurred after the latest developments. He stated that the current target is around $ 69,000-70,000.

According to the analyst, the second bullish confirmation will occur after the #Bitcoin price exceeds $ 69,000-70,000. According to il Capo, the main target after this will be between $ 75,000 and $ 80,000.

According to his opinion, il Capo wanted to ignore any short-term declines that may occur while these targets are being achieved. In addition, he said to focus on medium and long term with leverage in volatile times.

$BTC price recently saw below $49,000 during a sudden drop and caused concern in the cryptocurrency market.