A popular crypto strategist and trader believes the “bottom is in” after a rough week for many cryptocurrency investors.
The analyst, pseudonymously known as Capo, tells his 165,300 Twitter followers that price patterns suggesting Bitcoin (BTC) would fall below the $38,000 support level appear to be invalidated.
“38k seems invalidated. It dumped to 39.5k and the inability to reach the lower target shows weakness from bears.
Bulls have shown strength breaking 44k with negative fundings, so I’m bullish.”
I have to say:
BOTTOM IS IN
— il Capo Of $NOIA (@CryptoCapo_) September 24, 2021
Now Capo is turning his sights on profiting from altcoins, saying it’s “impossible not to be bullish” on the market as a whole.
Capo is highlighting two altcoins in particular. First is the artificial intelligence blockchain project Fetch.ai (FET).
“This chart is incredibly bullish. Support/Resistance flip of the range high. Pump incoming.”
Also on his radar is financial technology (fintech) payment solutions platform COTI (COTI).
“COTI retesting the all-time high. Ready for another leg up. [Here’s] a better view of $COTI. Very bullish.”
FET is valued at $0.77 at time of writing, down 5% in the last 24-hours according to Coingecko, while COTI’s price is $0.51, up 11% in the last day.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Iuzvykova Iaroslava