Renowned analyst Capo remains optimistic about the medium-term outlook for Bitcoin (BTC) and predicts a major rally for altcoins.

The analyst told his 227,400 Twitter followers that the first quarter of 2022 will be “extremely bullish” for the benchmark cryptocurrency.

“The new uptrend remains intact as the critical support ($ 40,000-42,000) holds.

After the recent correction, the price formed a hidden bullish divergence, a strong signal that the trend is continuing. ”

BTC / USDT 2-day chart | The source: CryptoCapo / Twitter

BTC is trading at $ 47,188.39 at press time, unchanged for 24 hours.

Capo also believes altcoins are on the verge of major breakouts.

Altcoins fractal enlarged. Many of them start with the w3 so this would make a lot of sense. https://t.co/VtohjlBTAY pic.twitter.com/fSDQszMKMG

– il Capo by $ NOIA (@CryptoCapo_) December 28, 2021

“Enlarge the altcoin fractal. Many of them start in wave 3, which makes a lot of sense. ”

The analyst recently predicted that ADA, the native token of the smart contract platform Cardano, could beat its previous all-time high (ATH) when the altcoin season kicks off.

Since hitting an ATH of about $ 3.10 in early September, ADA has suffered a larger price correction of 57%.

The 6th cryptocurrency by market capitalization is currently trading at $ 1.34, up more than 2% in the past 24 hours.

You can see the BTC price here.

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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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