Bitcoin Price Rallied to $60K! Other Altcoins to Follow the Surge!

Top 3 Most Visited Coins in Last 7 Days as per Cryptorank.io
  • 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.

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.

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.

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.

Recommended for You

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.