The crypto market is once again experiencing positive momentum, with both Bitcoin and altcoins seeing significant price increases. Crypto analyst Capo of Crypto has recently shared his optimism, suggesting that there are still more substantial moves to the upside for these digital assets. In a post on X, Capo expressed his belief that the “best is yet to come” for Bitcoin and altcoins. He highlighted the fact that Bitcoin has surged past the $60,000 range, which is now acting as support. Additionally, Capo noted that altcoins have likely found their local bottom, indicating that they are well-positioned for major uptrends.
With Bitcoin back above $65,000, many are speculating that it is only a matter of time before the cryptocurrency revisits the $70,000 range. Capo previously mentioned that reclaiming the $65,000 level would serve as a bullish confirmation for Bitcoin, leading to even higher prices. According to the analyst, Bitcoin’s next target would be the liquidity zone between $74,000 and $76,000, potentially setting a new all-time high for the digital asset. Crypto analyst Rekt Capital echoed this sentiment, stating that a successful retest of the $65,000 resistance level could propel Bitcoin above $70,000, signaling the start of an exciting period for the cryptocurrency.
In addition to Bitcoin’s positive outlook, analysts are also predicting a major altcoin season on the horizon. Crypto analyst Mkybull Crypto suggested that a significant altcoin season is brewing, drawing parallels to the explosive rally seen in 2017. Despite a brief period of doubt, Mkybull Crypto emphasized that history has shown similar patterns, pointing to the post-halving cycle in 2016. Capo further emphasized his bullishness on altcoins, particularly noting the anticipated launch of Spot Ethereum ETFs, scheduled to begin trading in the near future.
Other prominent analysts have reiterated their bullish stance on the crypto market, advising investors to remain patient and not be swayed by short-term fluctuations. Crypto analyst Crypto Kaleo emphasized that the market is poised for further growth, urging participants to exercise patience as the “real fun” is yet to begin. Similarly, crypto analyst Michael van de Poppe has previously stated that the bull run will continue once Bitcoin surpasses the $70,000 mark, underscoring the positive sentiment prevalent in the market.
The overall sentiment in the crypto market remains positive, with analysts forecasting further gains for both Bitcoin and altcoins. As investors eagerly await new all-time highs and the potential for a major altcoin season, it is crucial to stay informed and exercise caution during periods of volatility.