Top Analyst Bullish on Five Altcoins, Says Bitcoin and Crypto Bull Market Bounce Will Be Epic

A high crypto dealer who grew his following after precisely predicting final yr’s largest Bitcoin crash is maintaining his eye on 5 altcoins.

The total crypto market plunged this week, losing roughly $1 billion in worth, however the analyst identified within the business as Capo says he’s remained calm.

In a sequence of tweets, Capo explains to his 66,000 followers why he’s nonetheless bullish on Bitcoin and the general market.

“BTC. I don’t perceive the panic. This has at all times been a risk. Hidden bullish divergences are already there. Could it go a bit of decrease ($50,000)? Of course, however the plan is precisely the identical. I’M NOT SELLING…

Open curiosity down + worth down DURING bull tendencies is bullish. Healthy retracements (shakeouts).”

Source: il Capo

The dealer notes that Bitcoin is likely testing $50,000 as help, and expects the king coin to recuperate and cross the $80,000 stage within the coming weeks.

“Funny factor is that we’re testing $50,000 as help. Think about it… I’m not **** promoting. Within a number of weeks the worth will cross $80,000, altcoins will fly, and you’ll remorse having bought right here.

The bounce will probably be epic. Bull market will not be over. Remember these phrases.”

As the market prepares for a bounce, Capo can also be bullish on Ethereum (ETH), Syntropy (NOIA), Phala Network (PHA), Reserve Rights (RSR) and Paypolitan (EPAN).

The dealer believes that the second largest crypto asset by market cap is at present in an accumulation section, presumably readying itself for a rally.

As for RSR and EPAN, the dealer notes that their charts are proper on monitor for a wildly bullish April that would ship the tokens parabolic.

Capo additionally named NOIA as one of many top projects within the area, including that his NOIA “bags are ready” as he loads up on PHA throughout the dip.

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Featured Image: Shutterstock/Tursunbaev Ruslan

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