Market analyst il Capo of Crypto suggests Bitcoin’s recovery to approximately $107,415 from $100,000 may represent only a short-term rebound rather than a sustained upward trend. The analyst attributes this fragility to the conspicuous absence of decisive market capitulation—a phenomenon that historically signals authentic market bottoms.
Without definitive capitulation patterns, Bitcoin faces heightened vulnerability to further downside movements. Critical support is positioned between $92,000 and $93,000; a decisive break below this threshold could precipitate a larger correction toward the $60,000–$70,000 range according to the analyst’s assessment.
The warning extends to altcoins, which could experience severe value erosion should Bitcoin’s bearish momentum resume. Analysts estimate altcoins may incur losses between 50% and 80% throughout such downturn conditions, highlighting broad market risks despite recent price stabilization.