Market

3 Coins to Ride the $60,000 Bitcoin Momentum!

Renowned strategist Capo said he expected the three altcoins to skyrocket as Bitcoin approaches its next resistance level.

With Bitcoin, Capo expects it will soon hit $ 60,000 before cracking $ 100,000 in the coming months.

As for the altcoin market, Capo shares a chart showing that bitcoin dominance is facing historical resistance. Traders expect there will be a slight change.

“Some people get cocky because BTC.D is up 5%. Much luck.”

The source: Capo / Twitter

With the altcoin market warming overall, Capo sees the biggest potential gains for Polkadot (DOT), followed by Cardano (ADA) and Ethereum (ETH). Brothers demonstrate Its rating scale is as follows:

“DOT / BTC is extremely bullish. ADA / BTC is very bullish. ETH / BTC price increase. If you want to increase BTC.D here, it’s up to you. I’m all into altcoins. ”

At the time of writing, the DOT cross-chain interoperability protocol is up 24.9% over the past week and is trading at $ 40.57.

The scalable decentralized platform ADA changed hands at $ 2.17, a 4% decrease from a week.

The open source smart contract ETH is up 6.6% since last Thursday and is currently valued at $ 3,814.

Capo goes on to explain why he sees a new altcoin season in the works.

“Now Bitcoin confirms a bullish scenario and targets of $ 100,000 or more are likely over the next few months. This would create a perfect scenario for people to get comfortable and speculate in altcoins …

BTC.D has tremendous potential bearish divergence and support is decreasing. In my view it will hit the 2018 low (36.5%) and the altcoin season could end there. ”

Here you can see the coin prices.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.