The cryptocurrency market is full of shades of green again, Bitcoin AND altcoins enjoying significant gatherings. Cryptanalyst Capo from Crypto provided additional optimism, suggesting that these tokens will continue to see larger upward moves.
“The best is yet to come” for Bitcoin
Capo of Crypto expressed his opinion on X (formerly Twitter) fasting that “the best is yet to come” for Bitcoin and altcoins. He noted that Bitcoin was pumping, regaining $60,000 range as support. The cryptocurrency analyst added that altcoins also seem to have found their local bottom, which means they are well-positioned for a massive rally up.
With Bitcoin’s value once again surpassing $65,000, it seems like it’s only a matter of time, not whether, the flagship cryptocurrency will regain its leading position. $70,000 rangeCapo previously mentioned that a reclaim of the $65,000 level would be another bullish confirmation for the flagship cryptocurrency. The analyst added that the market should expect high prices when that happens.
As for how Bitcoin could go up, Capo stated that the primary target would be the liquidity zone between $74,000 and $76,000. A rise in Bitcoin price to these levels would signal a up-to-date All-time High (ATH) for the flagship crypto. Rekt Capital crypto analyst shared a similar opinion with Capo, suggestion that a successful retest of the $65,000 resistance level by Bitcoin would see Bitcoin price return above $70,000.
It is believed that the real fun will begin when the price of Bitcoin crosses $70,000 again, as cryptocurrency analysts such as Michael van de Poppe he mentioned earlier that running of the bulls will continue as soon as the flagship cryptocurrency trades above this price level. Crypto Kaleo Cryptocurrency Analyst also recently advised market participants not to get distracted. he stated that the market is still heading “significantly higher” and a little more patience is needed before “the fun really begins.”
The season of “huge” altcoins is coming
Cryptocurrency Analyst Mkybull Crypto found in Posts X that the season of huge altcoins is coming. He claimed that this cycle could be similar to an explosive altcoin season rally in 2017, as the current altcoin price action shares similar price action with this period. Mikyull Crypto added that the fakeout made many believe that the altcoin season was over for this cycle, but he suggested that this was not the case, as something similar happened in Post-halving cycle in 2016.
Interestingly, Capo he stated that he is the most confident about altcoins. He referred to Spot ETFs Ethereumwhich are set to begin trading this week. Cryptocurrency analysts predict that these funds could spark a massive rally in Ethereum and altcoins, which in turn could assist kick off the altcoin season as surpass Bitcoin.
Featured image created with Dall.E, chart from Tradingview.com
