The prominent cryptocurrency expert known as Il Capo of Crypto recently expressed his updated perspective following Bitcoin’s notable price rally.
Bitcoin has surged roughly 8% over the past three days and is currently valued near $97,000 at the time this analysis was made.
Il Capo suggested that a short-term correction from these levels is quite likely. Nevertheless, he emphasized that his primary price objectives remain intact despite any pullbacks. Specifically, he envisions Bitcoin reaching between $100,000 and $110,000, while Ethereum’s target range lies between $3,700 and $4,000.
Currently trading around $3,359, Ethereum has mirrored Bitcoin’s recent gains with an approximate 8% increase within the same timeframe.
The chart above illustrates Ethereum’s recent upward momentum clearly.
Furthermore, Il Capo anticipates that altcoins will outperform both Bitcoin and Ethereum until those key price targets are achieved. He expects altcoins to maintain strong performance until a potential lower high develops in BTC and ETH prices.
Please note: This content does not constitute financial advice.