Bitcoin is currently trading above $69,000, and renowned cryptocurrency analyst il Capo of Crypto has shared his predictions for the future of BTC and altcoins.
In his statement, il Capo highlighted that Bitcoin’s ability to surpass the upper range is a positive sign for the continuation of the bull market. He also mentioned that there could be significant developments regarding Ethereum Spot ETFs this week. The approval of these ETFs by the SEC is seen as a major development, especially since BlackRock and other institutions have updated their S-1 filings and disclosed their fees. il Capo believes that these ETFs could potentially launch by the end of June or even earlier.
The analyst also pointed out that NVDA shares are performing well in the US, which could have a positive impact on AI-themed altcoins, particularly if Bitcoin remains bullish.
Furthermore, il Capo expressed optimism for the memecoin sector, citing the rise of GME shares, a high-volatility stock in the US, as a positive indicator.
Regarding altcoins, il Capo believes that as long as the price of Bitcoin stays above $60,000, ideally $65,000, altcoins will continue to have a positive outlook. He also identified other cryptocurrency sectors of interest, such as artificial intelligence, real-world assets (RWA), the Ethereum ecosystem, and the Solana ecosystem.
The analyst mentioned that he is closely monitoring the parities and charts of OTHERS, OTHERS.D, ETH/USD, and SOL/USD.
Disclaimer: This article is not intended as investment advice.
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