The crypto analyst, who correctly predicted the 2022 collapse, shared his predictions for Bitcoin (BTC) and 2 altcoins that will rally.
He says that for Bitcoin who knows the collapse, the break is imminent
You can find the accurate predictions of Capo, which we have transferred as Kriptokoin.com, here. Capo, who has 503,000 Twitter followers, says that Bitcoin is now ready for a breakout rally. The analyst attributes this to Bitcoin’s short-term crossover resistance. In his recent analysis, Capo quoted his predictions on Twitter:
The main downtrend line has been broken. A bullish confirmation of short-term congestion could mean a break of the $20,700-20,800 resistance. After that we should see $22,500-23,000. Invalidity for short squeeze: If you break $19,500, the main confirmation is a clean break of $19,000.
Bitcoin is currently trading below $20,000. It has lost more than 1.5% in the last 24 hours and compared to the previous week.
Capo awaits rally for these 2 altcoins
One of the altcoins that the analyst was waiting for a rally was Ethereum (ETH). Capo says that currently, Ethereum offers ideal opportunities for short-term traders. The analyst shared the following prices as critical support levels:
Long term ETH, good [risk/reward] ratio. Target price: $1,800.
Looking at Capo’s chart, he expects Ethereum to correct sharply around $1,300 after hitting its target. At the time of writing, ETH is worth $1,547.33, which is flat on the day.
Cardano (ADA)
The crypto analyst is also taking a look at the smart contract protocol Cardano. According to Capo, ADA broke the diagonal resistance and now seems to be moving towards its target at $0.52. In the words of the analyst:
He plays well. I moved the stop loss to the breakeven point.
While Capo is bullish on Cardano in the short term, his chart shows that he expects ADA to witness a deep pullback around $0.30 once its target price is reached. Cardano is currently trading at $0.47 with a 5% rally in the last 24 hours. The reason for this rally is the upcoming Vasil rise.
Cardano finally adds a date to Vasil upgrade
After months of speculation, the Cardano Vasil upgrade date has finally been announced. According to Input Output, the company behind Cardano, the upgrade will take place on September 22. This announcement comes after founder Charles Hoskinson said on August 26 that the ADA team is waiting for the exchanges to ensure all is well. With the development, all exchanges have now activated their update procedures.
VASIL UPGRADE: DATE CONFIRMED 💪
Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet. 🧵$ADA
1/9— Input Output (@InputOutputHK) September 2, 2022
After the announcement, the development company Input Output noted that they have completed the testing phase. The company has also expanded developers’ readiness to meet the demands of the ADA community. We have covered the details for Vasil hard fork in this article.
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