Bitcoin and altcoins are facing a challenging period following a new tariff announcement from U.S. President Donald Trump.
The crypto market has struggled to gain momentum amid the heightened economic uncertainty. Despite the downturn, one well-known market analyst, il Capo, remains optimistic, suggesting that Bitcoin might be gearing up for a rebound.
Il Capo, who is often associated with a bearish outlook, has been sharing his views on X and Telegram, expressing a surprisingly positive perspective on Bitcoin’s potential. According to him, the current decline may be misleading, as the overall trend still points toward a possible upward movement. He believes that Bitcoin is in the process of finding its direction and that short-term indicators hint at a possible rally.
However, for this optimistic scenario to unfold, Bitcoin needs to reclaim the $85,000 mark, which would set the stage for a move toward the next resistance zone between $92,000 and $98,000. Il Capo also suggests that the recent tariff news has already been priced in, which means that Bitcoin might catch investors off guard with an unexpected surge, as many still anticipate a bearish outcome.
Labeling the current market situation as a “bear trap,” il Capo advises against selling Bitcoin at this point. He warns that liquidating BTC now could be a costly mistake, as he expects a strong recovery once a catalyst appears. According to him, the market only needs a small trigger to reverse the current downtrend and initiate a significant upward move.
In summary, despite the negative sentiment around tariffs and market volatility, il Capo believes that Bitcoin’s current behavior could deceive pessimistic traders, and holding on might be the better strategy for long-term gains.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/analyst-predicts-bitcoin-rally-despite-tariff-pressure-is-the-bear-trap-set/