The cryptocurrency market is once again showing all shades of green, with bitcoin and ethereum-breakout/” rel=”nofollow”>alternative currencies enjoying significant rebounds. Cryptocurrency Analyst crypto Capo has provided further optimism, suggesting that these tokens will still make massive moves higher.
“The best is yet to come” for bitcoin
crypto boss gave his opinion on x (formerly twitter) x.com/CryptoCapo_/status/1814369763780436263″ rel=”nofollow”>mail that “the best is yet to come” for bitcoin and altcoins. He noted that bitcoin is on the rise, having regained the bitcoin-is-ready-to-fly-heres-why/” rel=”nofollow”>$60,000 range as support. The cryptocurrency analyst added that altcoins also seem to have found their local bottom, meaning they are well-prepared for major upside.
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Now that bitcoin has also broken back above $65,000, it seems like it is just a matter of when, not if, before the flagship cryptocurrency regains control. $70,000 rangeCapo had previously mentioned that reclaiming the $65,000 level would be the next bullish confirmation for the flagship cryptocurrency. The analyst added that the market should expect high prices once that happens.
As for how bitcoin could go up, Capo stated that the main target would be the liquidity zone between $74,000 and $76,000. bitcoin's rise to these price levels would mark a new bitcoin-breaks-through-69000-setting-new-record/” rel=”nofollow”>All-time high (ATH) for the flagship cryptocurrency. Cryptocurrency analyst Rekt Capital shared a similar sentiment with Capo, suggestion that bitcoin's successful retest of the $65,000 resistance level would send it back above $70,000.
The real fun is believed to begin when bitcoin breaks above $70,000 again, as evidenced by cryptocurrency analysts. bitcoin-bottom-20-decline/” rel=”nofollow”>Michael Van De Poppe I had previously mentioned that the bitcoin-bull-market-glassnode/” rel=”nofollow”>confinement It will continue once the flagship cryptocurrency is back above this price level. crypto Kaleo Cryptocurrency Analyst He had also recently advised market participants not to get carried away by the crisis. bitcoin–ethereum-outperform/#:~:text=crypto%20analyst%20Crypto%20Kaleo%20has,to%20have%20on%20ETH’s%20price.” rel=”nofollow”>fixed that the market is still “much higher” and that a little more patience is needed before “the fun really begins.”
A “huge” altcoin season is coming
Cryptocurrency Analyst Mkybull crypto declared in a x.com/MikybullCrypto/status/1814688097839304981″ rel=”nofollow”>Publication x that a big altcoin season is brewing. He claimed that this cycle could be similar to the explosive ethereum-breakout/#:~:text=crypto%20analyst%20Micha%C3%ABl%20van%20de,altcoins%20enjoy%20an%20upward%20trend.” rel=”nofollow”>altcoin season rally in 2017, as the current altcoin price action shares a similar price action to that period. Mikyull crypto added that the fakeout led many to believe that the altcoin season for this cycle had been ruled out, but suggested that is not the case, as something similar happened in the bitcoin-halving-2024-complete-what-expect/” rel=”nofollow”>2016 post-halving cycle.
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Curiously, Capo x.com/CryptoCapo_/status/1810565605184905315″ rel=”nofollow”>fixed who is more optimistic about altcoins. He alluded to the ethereum-etfs-cboe-announce-official-launch/#:~:text=The%20capital%20inflows%20into%20the,value%20so%20far%20in%202024.” rel=”nofollow”>ethereum Spot ETFwhich are expected to begin trading this week. Cryptocurrency analysts predict that these funds could spark a massive rally for ethereum and altcoins by extension, which could help usher in altcoin season as outperform bitcoin.
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