A trader who predicted Bitcoins deep plunge to $4,000 in March says one of the years most talked-about altcoins is now ready to erupt.
The pseudonymous analyst known in the cryptoverse as Capo tells his 20,000 Twitter followers that Chainlinks (LINK) correction, which saw the coins value crash from its all-time high of $19.85 to below $9.00 from mid-August to September, might be coming to an end. According to the trader, the decentralized oracle network is in a position to parabolically rise to $31 before 2020 expires.
If you are surprised by the BTC breakout, wait for LINK to take off.
As for Bitcoin, the analyst is bullish on the leading cryptocurrency but he believes that BTC must push through a few resistance levels at around $13,000, $15,000, and $17,000 before skyrocketing.
S/R flip confirmed. Going for the first target.
— il Capo Of Crypto (@CryptoCapo_) October 20, 2020
Looking at Ethereum, Capo is extremely bullish on the leading smart contract platform.
Id buy the entire ETH supply if I could.
The crypto trader expects ETH to ignite a steep upwards movement and outperform BTC.
I have no doubt that ETH will perform better than BTC in the next bull cycle.
Capo is also keeping a close eye on the ETH/BTC pair. In a new tweet, the trader implies that ETH/BTC may have pulled off a big bear trap.
Other analysts are also bullish on the worlds dominant ...
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