Il Capo of Crypto, a well-known cryptocurrency analyst, shared his new views following the recent surge in Bitcoin’s price.
Having risen by approximately 8% in the last three days, the price of BTC is currently trading around $97,000 at the time of writing.
Analyst il Capo argued that a pullback from the current level is highly probable. However, he stated that the main targets would still remain valid despite this pullback. The analyst’s main target for Bitcoin is between $100,000 and $110,000, and for Ethereum between $3,700 and $4,000.
At the time of writing, Ethereum is trading at $3,359. Similar to BTC, ETH has also seen an 8% increase in the last three days.
In addition, il Capo stated that he expects altcoins to outperform BTC and ETH until the Bitcoin and Ethereum prices reach those targets. The analyst anticipates altcoins performing well until a potential lower peak forms in these two cryptocurrencies.
*This is not investment advice.