New views of il Capo of Crypto after the rally: Altcoins on the cusp of an impulsive bull run

New views of il Capo of Crypto after the rally: Altcoins on the cusp of an impulsive bull run

Cryptocurrency analyst il Capo of Crypto, known for his accurate predictions, announced that altcoins are likely at the beginning of a new bullish wave. Following the recent price surge that saw bitcoin (BTC) surpass the $60,000 mark, il Capo shared his views that suggest a major milestone in the cryptocurrency market.

According to him, the price of BTC is now likely to enter the liquidity zone above the previous all-time high. This could indicate further growth and strengthen bitcoin's position as a major player in the market. However, il Capo also points out that bitcoin's dominance has reached a critical point of resistance on the long-term chart and the bulls' strength in this area appears to be on the wane.

The analyst further emphasizes the importance of altcoins, which he confirms by analyzing the chart of altcoin dominance (OTHERS.D). According to him, although bitcoin is still considered the reference currency for market direction, it is essential to focus attention on altcoins that may show stronger performance in the coming weeks and months.

Capo concluded in his statement that the cryptocurrency market has entered a significant bullish momentum wave, and altcoins may enjoy better performance during this period. Interestingly, this analyst, who until recently had a largely bearish outlook on bitcoin and the entire cryptocurrency market, has recently changed his perspective.

Thus, the situation in the cryptocurrency market suggests that we could see some interesting changes that could affect not only the prices of various currencies, but also the overall trends in the cryptocurrency space.

*This is not investment advice.