Altcoins
Bitcoin Surpasses $69,000: Legendary Analyst Il Capo Reveals What to Expect from BTC and Altcoins
The Head of Crypto, one of the most popular analysts in the world of cryptocurrencies, assessed the general situation of Bitcoin, Ethereum and altcoins in his statement today.
According to the analyst, Bitcoin managed to break the upper range by surpassing $69,000, which could be a good sign for the continuation of the rise.
The Chief believes we may see further developments regarding Ethereum Spot ETFs this week. The SEC’s approval of Ethereum Spot ETFs is a major development. The analyst believes that the fact that BlackRock and others have updated their S-1 filings and disclosed their fees indicates that these ETFs could launch by the end of June or even sooner.
According to the analyst, NVDA shares remain strong in the US, which could have a positive impact on AI-themed altcoins, especially as long as BTC remains bullish.
The analyst believes that the rise in GME shares, a highly volatile stock in the United States, also offers good prospects for the memecoin sector.
the Chief believes that altcoins still have a positive outlook as long as the price of BTC remains above $60,000, ideally $65,000. Furthermore, he lists other interesting cryptocurrency sectors driven by memecoins as follows: Artificial Intelligence, Real World Assets (RWA), Ethereum ecosystem, Solana ecosystem.
Additionally, the analyst stated that the parities and charts he is watching closely these days are OTHERS, OTHERS.D, ETH/USD, and SOL/USD.
*This is not investment advice.