The crypto market is once again all shades of green Bitcoin And altcoins enjoying significant rallies. Crypto analyst Capo from Crypto has created even more optimism, suggesting that these tokens will continue to make bigger moves to the upside.
“The Best is Yet to Come” for Bitcoin
Capo of Crypto opined in an X (formerly Twitter) after that the “best is yet to come” for Bitcoin and altcoins. He noted that Bitcoin is pumping after regaining its value Range of $60,000 as support. The crypto analyst added that altcoins also appear to have found their local bottom, meaning they are well poised for massive gains.
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With Bitcoin also back above $65,000, it appears it is only a matter of when and not if before the flagship crypto regains power. Range of $70,000. Capo had previously said that regaining the $65,000 level would be the next bullish confirmation for the flagship crypto. The analyst added that the market should expect high prices once that happens.
On how Bitcoin could rise, Capo stated that the main target would be the liquidity zone between $74,000 and $76,000. A rise in Bitcoin to this price level would mark a new era all-time high (ATH) for the flagship crypto. Crypto analyst Rekt Capital shared a similar sentiment with Capo, suggestive that Bitcoin’s successful retest of the $65,000 resistance level would take it back above $70,000.
It is believed that Bitcoin rising above $70,000 again is where the real fun begins, as crypto analysts like Michael van de Poppe had previously mentioned that the running of the bulls will continue once the flagship crypto is back above this price level. Crypto analyst Crypto Kaleo had also recently advised market participants not to be shaken. He declared that the market is still going “much higher” and that some patience is still needed before the “fun really begins.”
“Huge” Altcoin season is upon us
Crypto analyst Mkybull Crypto mentioned in a X message that a huge altcoin season is coming. He claimed that this cycle could be similar to the explosive altcoin season rally in 2017 as the current price action of altcoins shares a similar price action to that period. Mikyull Crypto added that the fakeout led many to believe that the altcoin season had been written off for this cycle, but suggested that this is not the case as something similar happened in the 2016 post-halving cycle.
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Interestingly enough, Capo declared that he is most optimistic about altcoins. He alluded to the Discover Ethereum ETFs, which are expected to begin trading this week. Crypto analysts predict that by extension, these funds could spark a massive rally for Ethereum and altcoins, which could help usher in altcoin season. outperform Bitcoin.
Featured image created with Dall.E, chart from Tradingview.com