Il Capo comments on Bitcoin and Ethereum: will there be a bullish rally?
Cryptocurrency analyst il Capo of Crypto explained his views on the Bitcoin and Ethereum market as the BTC price continues its downward trend.
Sharing his thoughts over the weekend, the analyst talked about Bitcoin, which briefly fell below $41,000 and is at $41,600 at the time of writing. According to the analyst, the $40,000 to $41,000 region forms the main support area for BTC, and Below this area there is strong demand.
According to the analyst, altcoins appear poised for a final rally before falling.
Speaking about Ethereum, the analyst shared his bullish views on ETH. According to the analyst, ETH reached the resistance zone between $2,500 and $2,600 and experienced a pullback from there. Crypto's Il Capo believes the bullish trend will not harm ETH, which is currently bouncing off a support point along with the rest of the market.
The analyst said that the price of ETH could reach $2,800. However, according to the analyst, a bearish confirmation could be considered if it falls below $2,430.
#BTC!💰 #BTCUSD #BitcoinWorld #ETH2024 #ETH/BTC
