A widely followed cryptocurrency analyst is leaning bullish on Bitcoin (BTC) and altcoins over the “very short-term.”
The analyst pseudonymously known as Capo tells his 950,600 followers on the social media platform X that following the decision by US President Donald Trump to pause on America’s global trading partners.
Bitcoin could rally by up to 22% from the current level while altcoins could skyrocket by up to 2x over the next few days.
“After the 90-day pause on tariffs, the market is reacting well. BTC could move towards the $92,000 – $98,000 zone. Many altcoins could bounce 50% – 100%.”
Bitcoin is trading at $80,420 at time of writing.
The pseudonymous analyst, however, says that over the next few weeks, there’s a “decent chance” the crypto market will witness another capitulation.
“Whether triggered by renewed tariff talk or something else (another pandemic scare, or escalating conflict), we’ll need to adapt as things develop. But the probability is high.”
After another round of capitulation, Capo says that altcoins could then witness a bullish trend over the next few months.
“Some altcoins might break highs, others won’t. But prices are now very oversold, and returns could be very good. Even if a black swan hits, that would only improve the accumulation zones forming since late March.”
According to the pseudonymous analyst, the Bitcoin bull market could end in the third quarter, with the bear market likely to start in September this year.
“This is where things could get really ugly. Like I’ve said before, this “bull market” never felt like a real bull market. BTC was pushed up artificially by [exchange-traded funds] ETFs and USDT/USDC minting. Meanwhile, many altcoins are still near their lows. This disconnect is concerning.
September might be a key pivot.”
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