Cryptocurrency analyst il Capo of Crypto spoke about Bitcoin in his latest report. The analyst, known for his bearish statements, continues to think in favor of a decline in the BTC price. il Capo said it was interesting that despite the recent drop in Bitcoin price and what he called all the bearish signals, people were still buying the dip. The analyst claimed that there is still a high probability of a black swan event, and if it does, the BTC price could fall to around $60,000 to $70,000, and altcoin prices could drop by 50% to 80% from their current levels. The experienced analyst stated that the current week will be a big week and volatility is on the way. Il Capo, one of the analysts closely followed by the cryptocurrency world, also predicts a very bullish period following the declines that will occur, according to his own claim. *This is not investment advice.