Bitcoin started the day on a rise and broke above $65,000. While this rise in BTC also mobilized altcoins, the news from the SEC caused BTC to fall below $ 64,000.
While Bitcoin was experiencing both rise and fall during the day, Capo of Crypto, who is known for his bearish views and is frequently criticized by investors for his bearish comments, said that he expects the rise to continue.
Stating that the short-term correction is over, il Capo stated that he expects the rise to continue.
At this point, the analyst stated that he opened a long position in some altcoins at the bottom levels and explained that these altcoins include ZCX and Solana (SOL).
The analyst added that he shared the altcoins in which he opened long positions but with a market value of less than 100 million dollars only with his friends and not with his followers.
Also sharing an image of the SOL long position, il Capo said that he was in profit in the SOL position.
“The short-term correction seems to be over. We expect the rise to continue soon.
When I said a local bottom was likely soon, many people asked about the altcoins I was buying.
I shared some of them where I opened long positions, such as ZCX and SOL. However, I shared others with market caps below $100 million with my friends because I do not want to affect their prices, even if it is in a positive way.”
*This is not investment advice.