A popular crypto strategist and trader has revealed that he believes “bottom has come” after a tough week for many crypto investors.
The analyst, known by the alias Capo, tells his Twitter followers that the price patterns that show Bitcoin (BTC) to drop below the $38,000 support level appear invalid and we’ve hit bottom.
“$38,000 seems invalid. It dropped to $39,500 but the failure to hit the lower target shows the weakness of the bears.
The bulls, on the other hand, showed 44,000 breakouts with negative funds, so I’m bullish too.
I have to say:
BOTTOM IS IN
— il Capo Of $NOIA (@CryptoCapo_) September 24, 2021
Capo focuses on profiting from altcoins, claiming that it is “impossible not to rise” in the global cryptocurrency market as a whole.
Among the altcoins that Capo is particularly interested in, two particularly stand out. The first is the artificial intelligence blockchain project. Fetch.ai (FET). When asked about the price prediction for FET, the analyst replied $6 and commented on the chart:
“This chart is incredibly bullish. It will turn into Support/Resistance in the high range. The pump is coming.”
Another altcoin on the analyst’s radar is a fintech payment solutions platform. COTI (COTI). According to Capo, the altcoin, which constantly reaches new ATHs, is ready to reach much higher peaks.
“Cannot be stopped. COTI is retesting its all-time high. Ready to take another step. It is on the rise.”
According to Coinecko, FET is down 3% in the last 24 hours, at $0.81 at the time of writing, while COTI is trading around $0.59, up 12% in the last day.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.