Popular crypto trader Capo is still optimistic about the short-term future of Bitcoin (BTC) while foreseeing an inevitable altcoin rally.
The analyst tells his 227,400 Twitter followers that the first quarter of 2022 “should be bullish” for the top crypto asset by market cap.
“Still above the key support ($40k-42k) and the new bullish trend is intact.
Hidden bullish divergences were formed during the November correction.”
BTC is trading at $46,788.39 at time of writing, down more than 3% in the past 24 hours. The top crypto asset by market cap is also down nearly 18% from where it was priced a week ago.
Capo also thinks altcoins are on the verge of a big breakout.
— il Capo Of $NOIA (@CryptoCapo_) December 28, 2021
The trader recently predicted that ADA, the native asset for smart contract platform Cardano, could surpass its previous all-time high (ATH) as part of a broader altcoin surge.
Since hitting its ATH of around $3.10 in early September, ADA has endured a severe price correction of more than 57%.
The seventh-ranked crypto asset by market cap is currently trading at $1.31, down more than 7% in the past 24 hours and more than 15% in the last month.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Quardia/Fotomay