Capo Warns Traders: Stay Cautious with Altcoin Gains – BitRss

Renowned cryptocurrency analyst Capo believes that altcoins could see a price increase of 10-20% from current levels. However, he emphasizes that this rise may not be sustainable, urging traders to remain vigilant. Capo points out the presence of misleading signals in the market and warns that the potential for a significant drop should not be overlooked.

Altcoin Gains Are Possible, But Caution Is Necessary

Capo assessed recent market movements and stated his expectation of a 10-20% rise in altcoins. He noted that this surge could represent a “bull trap” that might mislead investors.

According to the analyst, the recent sudden price spikes indicate an impending correction wave. He advises traders to conduct a thorough analysis before getting carried away by the positive market sentiment. Capo suggests that a sharp decline in prices following any increase is likely.

Technical Analysis of Bitcoin, Solana, and Ethena

In Capo’s technical analysis, Bitcoin’s support level is expected to be between $79,000 and $86,000. He predicts that Bitcoin