A popular crypto analyst, known only as Capo, is predicting a short-term surge in Bitcoin and altcoins. This prediction follows a recent pause in US tariffs.
Short-Term Gains Predicted
Capo, with a massive following on X, suggests Bitcoin could jump as high as $98,000 (a roughly 22% increase from current prices), while some altcoins could double in value within days. He attributes this potential to positive market reactions to the tariff pause.
The Catch: A Potential Market Crash
However, Capo cautions that this bullish outlook is only for the very short term. He forecasts a significant chance of another market crash within the next few weeks. This could be triggered by renewed tariff discussions, another pandemic scare, or escalating global conflicts.
Long-Term Altcoin Potential Remains
Despite the predicted crash, Capo remains optimistic about altcoins in the long run. He believes that after the anticipated downturn, altcoins could see a bullish trend lasting several months. He points out that current prices are oversold, suggesting good potential returns. Even a major unexpected event (a “black swan” event) could create better buying opportunities.
Bitcoin’s Bull Run Might Be Ending
Capo has a more bearish outlook on Bitcoin’s long-term prospects. He suggests the current bull market might end in the third quarter of this year, with a bear market possibly beginning in September. He expresses concern about the current market, suggesting Bitcoin’s recent gains were artificially inflated by ETFs and stablecoin minting, while many altcoins remain near their lows. He sees September as a potential turning point.
Disclaimer: This information is for general knowledge and discussion only and does not constitute investment advice. Always conduct thorough research and consider professional advice before making any investment decisions.
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