Bitcoin embarked on a formidable journey today, soaring past the significant milestone of US$65,000. This upward surge cast a favorable aura on altcoins; however, a recent intervention by the SEC triggered a retracement in Bitcoin’s trajectory, nudging it back beneath the US$64,000 mark. At present, BTC stands at US$63,464.12, marking a 0.5% decline over the last 24 hours.
Amidst these undulations, the renowned analyst, Capo of Crypto, renowned for his typically bleak forecasts, astounded the community with a buoyant prognosis. “The transient correction seems to have run its course. We anticipate a swift resumption of the uptrend,” declared the analyst, hinting at a prolonged surge in Bitcoin’s fortunes.
In addition to his Bitcoin vision, Capo divulged his strategic moves within the altcoin arena. He disclosed his positions in ZCX and Solana (SOL), acquired at opportune entry points. While openly sharing these selections with the public, Capo opted to shroud his investments in other altcoins valued below $100 million, reserving this information solely for a select cadre of confidants to avert undue market influence.
“When queried about my altcoin acquisitions, I unveiled choices like ZCX and SOL, but opted to withhold others, possessing lesser market capitalization, exclusively for my inner circle. I am cautious not to artificially inflate their valuations,” elucidated Capo.
Moreover, Capo expressed contentment with the outcomes of his decisions, offering a glimpse of his profitable long position in SOL, serving as a testament to his revived faith in the cryptocurrency realm and his discerning investment approach, which prioritizes altcoins exhibiting sustained growth potential amidst transient market gyrations.
Disclaimer:
The perspectives articulated by the author and individuals referenced herein are purely informative and do not constitute financial, investment, or any form of advisory counsel. Participation in cryptocurrency investment or trading inherently carries the risk of financial loss.
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