One of the most well-known names in the cryptocurrency world, il Capo of Crypto, shared the scenario he thinks could happen in Bitcoin this weekend in his statement.

According to the analyst, a short-lived correction could potentially be observed over the weekend. il Capo thinks that during this correction, the BTC ($111,634.00) price could test the $99,000 to $101,000 range.

However, the analyst also touched on altcoins and predicted that some altcoins could experience a decline of 5% to 10%. However, he stated that a few could continue their rise. He added that his strategy was “hold and sell at the bottom.”

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In addition, the analyst, who spoke about Ethena (ENA ($0.43)), which he previously claimed to be in favor of the bulls on the altcoin side, shared a chart of the altcoin and claimed that he expects a correction from the current price of $ 0.93 to $ 0.87, and then a sudden jump and a climb to $ 1.33 may occur.

The analyst, who was once extremely bearish, recently gave up on the idea that the BTC price would drop to $15,000.

*This is not investment advice.

Continue Reading: Veteran Analyst Reveals the Scenario He Expects in Bitcoin This Weekend