Capo Unveils His Top 3 Altcoins To Bullish About In The Coming Altseason
According to a pseudonymous cryptocurrency analyst and trader, known as Capo, there are three altcoins that he is very bullish on, as Bitcoin (BTC) gets ready to break $60,000.
Capo shares with his 177.5 followers on Twitter Bitcoin is very likely soon to break $60,000 level on its way to$100,000 in the coming months.
The analyst tweeted a chart that showing Bitcoin’s dominance, which measures BTC’s market cap against the rest of the crypto market cap. The chart shows that altcoins are recording a historic level of resistance.
Capo predicts a bit shift coming in.
“LMAO and some people being cocky because BTC.D is up 5%. Good luck.”
LMAO and some people being cocky because BTC.D is up 5%
Altcoin market is seemingly waking up, after Bitcoin’s upward trend. Capo predicts the largest potential gains for three altcoins in this order: Polkadot (DOT), followed by Cardano (ADA) and Ethereum (ETH).
Capo tweeted:
“DOT/BTC mega bullish. ADA/BTC very bullish. ETH/BTC bullish.If you want to be bullish on BTC.D [Bitcoin dominance] here, it’s up to you. I’m all-in altcoins.”
DOT/BTC mega bullish
ADA/BTC very bullish
ETH/BTC bullish
If you want to be bullish on BTC.D here, it's up to you.
The native token (DOT) of cross-chain interoperability protocol Polkadot trades for $40.3 at the time of writing, with 20% gains on a weekly chart. DOT price jumped after they announced the launch date for parachain slot auctions earlier this week.
Scalable decentralized platform Cardano’s ADA trades at $2.16, trading sideways for weeks now.
Open-source smart contract blockchain Ethereum’s native token ETH is up 5.8% on a weekly chart, and at the time of writing trades at $3,790.
Capo further explains his reasons to believe that a new altcoin season in the making.
“During bull markets money tends to flow from Bitcoin to altcoins, because people greedy and always want more profits.
Now Bitcoin is confirming the bullish scenario, and $100k and higher targets are likely to happen in the next few months. This would create the perfect scenario for people to get comfortable and start speculating on altcoins.
BTC dominance chart (BTC.D) – huge hidden bearish divergence showing up, and the green support is getting weaker. In my opinion, it will take the 2018 lows (36.50%) and the altseason could end there.”
