Cryptocurrency analyst il Capo of Crypto shared his views and predictions for the new week as we enter perhaps one of the most important weeks in Bitcoin history.
Stating to his followers that next week will be interesting, the analyst said that Bitcoin Spot ETF news will come in the coming days. In addition, the analyst expects a pump reaction on the Bitcoin side to the ETF news. il Capo said that he expects the BTC price to first rise between $ 48,000 and $ 50,000, and on the Ethereum side, he predicts a climb to around $ 2,500 to $ 2,600.
The analyst stated that with the Bitcoin ETF news, he expects more pumps in altcoins, especially those with low market values, compared to BTC and ETH.
According to analyst predictions, after a few days of rising, the cryptocurrency market will reach a very important local peak. The analyst stated that he expects declines after this local peak and is targeting new lows.
The analyst argued that the most important support level on the downside lies between $30,000 and $31,000.
*This is not investment advice.
