Well-known crypto analyst il Capo of Crypto shared his latest analysis of the altcoin market. He stated that there could be significant developments in altcoins, excluding the top 10 cryptocurrencies. Investors are watching il Capo’s predictions carefully. Here are the details…
Short-Term Correction in the Altcoin Market
il Capo noted that the downtrend in altcoins since March has ended. After the first bullish signals, the market is currently approaching a significant resistance level. He stated that a short-term decline may occur at this point. The total market value of altcoins is currently around $ 232 billion. The analyst stated that a new bullish confirmation will come after this value reaches $ 250 billion. However, he emphasized that altcoins may experience a decline before reaching this level. He suggests that investors should be cautious.
October is usually a period when the bull run begins in the crypto market. il Capo stated that the decline in altcoin projects may end this month. He also said that it is possible for Bitcoin to test the $65,000 level. He predicts that both altcoins and Bitcoin will rise again after the Bitcoin price passes this level. This process has the potential to offer new opportunities to investors.
Bull Market and Long-Term Prospects
il Capo predicts that a major bull run will begin after short-term corrections in the altcoin market. Breaking the resistance level on the OTHERS chart will herald a strong rise in altcoins. The analyst states that this recovery will create a parallel increase with Bitcoin. Especially in the post-October period, great opportunities may arise for investors. He emphasizes the importance of being patient during this process.
Advice for Altcoin Investors
The analyst recommends that investors do not panic during the correction in altcoins. He predicts that a major bull run will follow the short-term decline. He emphasizes that investors should act with the right strategies during this process. Bitcoin is also expected to rise during this period, and he states that the movements in both Bitcoin and altcoins will offer significant opportunities to investors.
Although il Capo expects a short-term correction in the altcoin market, he states that this decline could be a sign of a larger bull run. A strong recovery is expected in both Bitcoin and altcoins in October. He sends the message that investors should evaluate these opportunities and create their strategies according to the market movements.
