Correctly speaking of this year’s crypto market crash, the trader cites the coins he expects to rise. Knowing about the Bitcoin crash, Crypto Capo reveals which assets are currently bullish amid the ongoing bear market. Here are the details…
Bitcoin analyst announced the coins in his hand
The trader known as Capo tells his 554,700 Twitter followers that he has long been on the leading smart contract platform Ethereum (ETH). He also states that he has a position in XRP rival Stellar Lumens (XLM). In addition, Capo points to Litentry (LIT), the decentralized authentication blockchain. He also said that he holds the local presence of the Reserve Rights Token (RSR), a cryptocurrency that aims to facilitate the stability of the stablecoin known as the Reserve Token (RSV). The crypto trader also says he owns STEPN (GMT), a earning altcoin.
Capo’s bullish stance on altcoins comes after his predictions for Bitcoin (BTC). The analyst explained that BTC could bounce back to $21,000 in the short term before reversing course and reaching a potential local bottom around $14,000. But he says the “main trend” for BTC is still bearish. Capo uses the following expressions:
$21,000 is a very strong resistance. Altcoins may experience a pump during this BTC movement. Lock in the snow.
Analyst’s forecasts
As we reported as Kriptokoin.com, the analyst became famous especially for predicting Bitcoin collapses correctly. The analyst pointed to a drop to $ 16,000 in BTC in the past months. Following the analyst’s prediction, BTC approached $ 17,000. The analyst drew attention with his predictions in previous years as well. He correctly predicted a drop to $50,000 in BTC in 2021 and a drop to $3,500 in 2020.
What is the latest situation in the market?
Meanwhile, the cryptocurrency market is gaining. On October 18, Bitcoin price turned higher and broke above the key $19,440 resistance level. Ethereum, on the other hand, gained more than 1% to $1,334. The global crypto market cap increased by over 1.7 percent the previous day to reach $934 billion. Major cryptocurrencies are trading in the green today. In the last 24 hours, the crypto market cap was around $50 billion, with a 31 percent gain.
DeFi’s total volume was $3.3 billion, while the total stablecoin volume was $47 billion. The top performers were Huobi Token (HT), Zilliqa (ZIL) and Maker (MKR). Huobi (HT) is up, gaining over 15 percent at $7.7. ZIL’s price rose more than 11 percent to $0.033. Also, the price of MKR rose over 9 percent to $1,084.
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