Capo Has Huge Price Targets For Bitcoin, Ethereum And Cardano For 2021
A popular pseudonymous trader known as Capo, who keeps building his following with timely calls on the crypto market is unveiling his massive targets for Cardano and Ethereum and Bitcoin.
In a recent tweet, the analyst, predicts huge end of 2021 prices for Cardano (ADA), Bitcoin (BTC) and Ethereum (ETH).
$BTC > $100k, $ETH > $10k and $ADA > $10 are still very likely this year.
Capo’s predicts BTC is likely to reach $100,000, Ethereum to climb up to $10,000 and Cardano to jump $10 by the end of 2021.
Capo estimates that the Bitcoin Dominance Index, which compares the number one crypto’s market capitalization to the rest of the crypto space market cap, would continue to fall until October. This means that altcoins could be ready to make big moves in the coming months.
Altcoins have seen large correction against Bitcoin in the past few weeks, but Capo believes the pullback offers buying opportunities at discounted prices.
“Yes, ALTS/BTC charts look like sh*t right now. But instead of complaining, try looking for opportunities. The best opportunities arise at times like this.”
Regarding Bitcoin, the trader sees BTC bulls being in control above $42,000 while bears have more influence on the market below $30,000:
To sum up, the trader and analyst is bullish on the crypto markets and expects massive rallies to lead us into 2022. According to Capo, things won’t turn out well for traders who try to short the market.
