A crypto analyst who accurately predicted the 2022 crypto crash is now saying Bitcoin and altcoins are poised for a big jump.
Bitcoin to Hit $70,000?
The analyst, known as Capo, believes Bitcoin is due for a slight dip before continuing its upward trend. He expects Bitcoin to pull back to around $64,000-$65,000 before rallying above $70,000.
Altcoins on the Rise
Capo is also keeping a close eye on the “OTHERS” chart, which tracks the market cap of all cryptocurrencies except the top 10 and stablecoins. He predicts this sector will pull back to $220 billion before breaking through its current resistance at $240 billion.
He believes this pullback is a healthy adjustment before a bullish run in October, a month historically known for positive crypto performance.
October Outlook
Capo expects a period of consolidation and retracement in the coming days, setting the stage for a strong October. He believes the crypto market is primed for a significant upward move.
Disclaimer: This is not financial advice. Always do your own research before making any investment decisions. /p>
