- Capo says a huge hidden bearish divergence is evident on the BTC.
- Capo goes on to explain why he believes a new altcoin season is coming.
Bitcoin Price surpassed $60,000 for the first time since April 18. Furthermore, bitcoin and altcoins are both tradings in the green today. Most tokens have recouped their losses for the week. BTC is over $59K. ETH is up 5.3 percent to $3,800. XRP will face a $1.15 barrier. But ADA is losing ground.
In the following weeks, a well-known crypto analyst and trader expects three cryptocurrencies to heat up. Pseudonymous crypto researcher Capo promises his 177,400 Twitter followers that Bitcoin will soon hit $60,000 before bursting over $100,000.
LMAO and some people being cocky because BTC.D is up 5%
— il Capo Of $NOIA (@CryptoCapo_) October 13, 2021
Good luck. pic.twitter.com/5nAcp5xMcw
Capo posted a graphic indicating Bitcoin’s dominance of the global crypto market cap is reaching historical resistance. The trader sees a change in the horizon.
DOT is now trading at $41.14, up 24.9 percent in the past week. ADA, a scalable decentralized network, remains virtually unchanged at $2.18. The open-source smart contract blockchain ETH is currently valued at $3836.
Bullish Momentum
While the altcoin market is heating up, Capo thinks Polkadot (DOT), Cardano (ADA), and Ethereum (ETH) have the gasoline in them. Capo goes on to explain why he believes a new altcoin season is coming.
DOT/BTC mega bullish
— il Capo Of $NOIA (@CryptoCapo_) October 13, 2021
ADA/BTC very bullish
ETH/BTC bullish
If you want to be bullish on BTC.D here, it's up to you.
I'm all-in altcoins.
According to him, Bitcoin confirms the bullish scenario, with $100k goals anticipated in the following months. This would let individuals feel comfortable and start speculating on cryptocurrencies. Capo says a huge hidden bearish divergence is evident on the BTC dominance chart, and green support is eroding. In my view, the alt season ended at the 2018 lows.
Overall, I'm still reminding you all, coming 6-9 months will be epic on many levels.
— Michaël van de Poppe (@CryptoMichNL) October 14, 2021
Prices and rallies we've never seen before on #altcoins and crypto. Epic.
Another popular analyst Van De Poppe predicts that the next 6 to 9 months will be meaningful for the crypto industry on many levels. The market will witness unprecedented price rises, he said.
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