New statements came from the analyst using the pseudonym Capo, who made a name for himself with his accurate predictions about the Bitcoin and cryptocurrency market in 2022.
Capo of Crypto, who is known for his bearish views and is frequently criticized by investors for his bearish comments, evaluated Bitcoin and altcoins on Telegram.
Stating that at this point, Bitcoin reached between 44,000-45,000 dollars in line with his expectations, il Capo said that the upward forecast for BTC and altcoins is valid.
However, the analyst stated that there is a possibility that BTC may be rejected at $ 45,000, and argued that he maintained his target of $ 50,000 for BTC and would eventually reach $ 50,000.
At this point, Il Capo, who thinks that altcoins have not risen as much as BTC, said that as BTC rises to $ 50,000, altcoins will also have their turn and will experience an increase.
“My previously stated target for Bitcoin was reached between $44,000-45,000.
My bullish target for Bitcoin remains valid but we may see a rejection at $45,000, but it should eventually reach $50,000.
Altcoins should experience further rises.”
Bitcoin continues to trade at $44,700 at the time of writing.
*This is not investment advice.