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- Crypto trader Capo said his altcoin picks could pump as BTC makes a move to $21,000.
- He also spoke about how Bitcoin could show volatility in the weeks to come and the best support zones.
The cryptocurrency market has been showing some movement recently with a few under-the-radar altcoins making solid gains. Last week, Rich Quack (QUACK), Phala Network (PHA), and SingularityNET (AGIX) were the top performers gaining nearly 200 percent on average.
Pseudonymous crypto trader Capo has come up with his prediction for a few altcoins sharing his bullish target going ahead. Capo is one of the few traders who accurately predicted this year’s crypto market crash. While this is turning out to be a strong bear market, Capo has turned bullish for a few digital assets.
Firstly, Capo is currently bullish on Ethereum (ETH) and XRP competitor Stellar Lumens (XLM). Ethereum’s native crypto ETH has been recently under some selling pressure and trading close to $1,300 levels as of price time. Similarly, Stellar’s XLM crypto is currently trading at $0.112 with a market cap of $2.8 billion.
Besides, Capo also shared some of the lesser-known altcoins that he’s holding and about to take off. The first is LIT, the native cryptocurrency of the decentralized identity-verification blockchain Litentry. The other one is Reserve Rights Token (RSR), a digital asset that offers stability to the asset-backed stablecoin known as the Reserve Token (RSV). As of press time, the RSR crypto is already trading 7 Percent up at a price of $0.006745.
The third altcoin that Capo is bullish about is the move-to-earn altcoin STEPN (GMT). GMT is currently trading at a price of $0.58.
Bitcoin Will Pump to $21,000
Capo’s bullish stand above altcoins comes with the prediction that the BTC price could jump to $21,000 in the short term. However, he adds that this could be a momentary bounce before BTC finds a local bottom at $14,000. Thus, Capo has advised his followers to book profits whenever possible. He stated:
Some shitcoins will experience scam pumps during these days, while $BTC goes to 21k. This could give you the illusion that the bull market is back. My advice: don’t be greedy. Take profits if this happens. Protect your capital.
Capo notes that the current support levels for Bitcoin are $18,000-$19,000. The BTC price has bounced back several times from this zone. However, the bounces are getting weak says Capo. “This shows that the buying power from this level is weaker and that bears are pushing lower every time. It should eventually break,” he added.
If BTC gives a daily close under $18,000, the next support is at $14,000. Capo says that BTC is having very strong support at $14K. The main trend is bearish and the main target for a potential local bottom is 14k. Capo said that he will be booing profits as BTC approaches the major resistance of $21,000.
