Bitcoin kicked off the day with a strong performance, surpassing the $65,000 mark. This upward movement had a positive impact on altcoins. However, a recent intervention by the SEC caused a pullback in Bitcoin, causing it to fall below $64,000 again. As of the time of publication, BTC was quoted at $63,464.12, experiencing a 0.5% drop in the last 24 hours.
Amidst these fluctuations, the well-known analyst, Capo of Crypto, known for his generally pessimistic predictions, surprised the community with an optimistic outlook. “It seems like the short-term correction is over. We anticipate the rally to continue soon,” stated the analyst, signaling a continuation of Bitcoin’s upward trend.
In addition to his positive outlook for Bitcoin, Capo of Crypto disclosed his chosen altcoins for long positions. He specifically mentioned ZCX and Solana (SOL), which he purchased at lower prices. He openly shared these choices with the public but decided to keep other altcoins with a market value below $100 million secret. These undisclosed choices were only shared with a select group of close friends to avoid influencing prices.
When asked about his altcoin investments, Capo explained, “I revealed some like ZCX and SOL, but I kept others with lower market values restricted to my friends. I don’t want to artificially inflate their prices.”
Furthermore, Capo expressed satisfaction with the results of his investment choices and shared an image of his profitable long position in SOL.
This episode highlights Capo’s renewed confidence in the cryptocurrency market and his investment strategy, which focuses on altcoins with long-term growth potential beyond immediate market fluctuations.
Disclaimer: The opinions expressed by the author or any individuals mentioned in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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