in 2022 Bitcoin And cryptocurrency New statements came after the rise of Bitcoin from the analyst using the nickname Capo, who made a name for himself with his accurate predictions about the market.
Known for his bearish views and frequently criticized by investors for his bearish comments il Capo of Crypto evaluated the altcoin rally and Avalanche (AVAX) on Telegram.
First of all, the analyst stated that he expects the rise in Bitcoin to continue. He claimed that BTC will reach $50,000 and peak there.
The analyst, who expects altcoins to outperform Bitcoin in the coming days, said:
“The market is moving as expected.
BTC broke 45,000 strongly and continues to move towards 50,000, which should be a local top.
Altcoins are also moving, but they will start to outperform BTC in particular in the coming days.”
“Target for Avalanche is $55!”
The analyst, who specifically examined Avalanche apart from the general altcoin rally, said that AVAX was trying to break an important resistance.
According to analyst AVAX This breakdown may eventually reach $50-55.
“Looking at the chart, we can see how AVAX started the uptrend and is now trying to break an important resistance level.
After a clean break through resistance here, AVAX should continue to reach the $50-55 target. “
Achieving the analyst’s $55 target means an approximately 50% rise for AVAX.
AVAX At the time of writing, it continues to trade at $37.
*This is not investment advice.
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