Crypto markets are heating up. Bitcoin has reclaimed the $67,000 mark. An analyst who nailed the 2022 crash is now bullish.
Capo, a pseudonymous trader, shared his views on X. He's got 864,100 followers there. He reckons both Bitcoin and altcoins are set to pop.
"BTC is pumping, especially after reclaiming $60,000-$61,000," Capo said. He added, "Altcoins also seem to have found their local bottom. In my opinion, the best is yet to come."
On Telegram, Capo dug deeper into Bitcoin's prospects. He sees $73,200 as the next big target. That's after Bitcoin clears $68,000.
"We should expect higher prices," he noted. "The main target would be the upper liquidity zone (red zone)."
Bitcoin was trading at $67,339 at press time. It's been on a tear lately.
Capo's not just bullish on Bitcoin. He's eyeing altcoins too. He's watching the OTHERS chart closely. It tracks smaller cryptos' total market cap.
OTHERS flipped $240 billion from resistance to support. Capo sees this as a green light for altcoin rallies.
"Nice bounce from the blue zone," Capo observed. He added, "Now the next step is a clean reclaim of the green zone, starting with bullish price action above the blue line. That would be a sign of strength."
OTHERS was sitting at $242.914 billion when we checked. It's been climbing steadily.
Capo's also got his eye on FET. It's the token of Artificial Superintelligence Alliance. This project merged three AI-focused protocols: Fetch.ai, Singularitynet, and Ocean Protocol.
FET retested $1.25 as support. Capo's bullish on it. He simply stated, "A chart is worth a thousand words."
FET was trading at $1.46 at the time of writing. It's been holding up well in the current market.