Analyst Predicts 30% Bitcoin Price Drop Amid Market Rebound

Crypto analyst Capo suggests that the Bitcoin price decline may not be over, predicting a potential 30% drop from current levels. Despite recent rebounds, Bitcoin remains far from its correction range of $60,000 to $70,000.

Following a significant market crash, Bitcoin fell to $104,000 after a tariff announcement by Trump, resulting in a $19 billion loss in the crypto market.
Capo believes this event might be just the beginning of a larger market shift.
While altcoins have seen major sell-offs, Capo expects further declines in Bitcoin and the broader crypto market after a brief consolidation period.

Bitcoin's weekend recovery reached $116,000 due to increased long positions and Trump's reassurances about trade tensions with China.

Bull Market Prospects

Titan of Crypto indicates that the bull market is not over, with Bitcoin showing strength by closing above $112,000 weekly.
Jelle highlights Bitcoin's return to the $115,000 resistance level, suggesting a reclaim could lead to new all-time highs.

Currently, Bitcoin trades at approximately $115,100, up over 3% in the last 24 hours.

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