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An expert who predicted the behavior of cryptocurrencies is confident in the rapid growth of bitcoin
A cryptocurrency analyst and trader known on Twitter as @CryptoCapo_ has shared his predictions for the future of the leading digital assets with the cryptocurrency community, saying that he believes that the time for growth has come for bitcoin and ethereum.
As Capo told his 559,600 Twitter followers, the charts of BTC and ETH look optimistic, and «cryptocurrency bears are providing fuel for the rally.» At the time of writing, bitcoin is trading at $ 19,363, and the analyst expects it to hit $ 21,000 in the near future.
As for ethereum, the value of the digital asset is currently fixed at $ 1341. According to Capo, the cryptocurrency is preparing for a rally above $ 1400.
Apparently, Capo has changed his mind, as at the end of September, the analyst was convinced that bitcoin would trade at $ 14,000 to $ 16,000 in the near future. Regarding previous forecasts, @CryptoCapo_'s March prediction of a 50% drop in the flagship cryptocurrency came true, although few believed in such a negative scenario at the time (in March, bitcoin was trading at over $ 40,000).