CandleFocus Legendary Analyst il Capo Shares What He Expects in Altcoins
2024-09-28
Author: Content Editor
The well-known cryptocurrency analyst, Il Capo of Crypto, has shared his views on the altcoin market in his latest analysis. He highlighted the chart for OTHERS, which represents the total market value of altcoins excluding the top 10 cryptocurrencies. The chart is currently testing a major resistance level after breaking out of a downtrend that began in March. Il Capo believes that if OTHERS reaches around $250 billion (it is currently around $232 billion), it would provide further bullish confirmation. He expects a pullback in the short term, potentially coinciding with Bitcoin testing $65,000 or slightly lower. However, he maintains a positive outlook for both Bitcoin and the altcoin market. Note that this information is not investment advice.
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