Capo: BTC Ready to Take Off, ADA Stronger than ETH, ETH to Flip BTC

A popular cryptocurrency analyst and trader, known in the industry as Capo, predicts that Cardano and Bitcoin, will lead the way in a new bull run.

Up Only Season for Bitcoin

The pseudonymous analyst shares with his nearly 143K Twitter followers that Bitcoin (BTC) seems ready to launch after breaking out of a two-month accumulation phase below $40,000.

“Accumulation complete with the last LPS [last point of support].
UP ONLY season is here. Enjoy the ride.”

Drawing his path for Bitcoin, Capo compares the largest crypto asset’s current price action to the brief accumulation phase seen in September 2020, shortly before it broke out above $11,000.

Bitcoin is likely to rally to $50,000 before taking one more step down to accumulate around $40,000 and pushing beyond the $50,000 mark, says the trader.

“BTC roadmap
50 thousand -> 40-41 thousand -> consolidation above 50 thousand -> New ATHs [all-time highs]”

Cardano Stronger Than Ethereum in Short Term

Regarding Cardano’s native token (ADA), Capo suggests that ADA looks stronger than Ethereum (ETH) at least for the next few weeks.

“ADA/ETH
I prefer holding more ADA than ETH over the next few weeks.
Last bullish confirmation above 57 thousand satoshis”

Ethereum to Outperform Bitcoin

Finally, the analyst compares Ethereum against Bitcoin (ETH/BTC).

The second-largest crypto has the potential to outperform Bitcoin and could even flip BTC for the top position, assuming the crypto markets catch another bullish wave, according to Capo.