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Traders who accurately called the cryptocurrency market crash this year are now presenting bullish digital assets amid an ongoing bear market.
A pseudonymous trader known as a capo To tell His 554,700 Twitter followers indicate his long involvement with leading smart contract platform Ethereum (ETH) and XRP rival Stellar Lumens (XLM).
ETH is trading at $1,334 at the time of writing. The second largest crypto asset by market capitalization is up more than 2% in the last 24 hours.
XLM is valued at $0.113 at the time of writing. The 28th largest crypto asset by market capitalization fell 0.05% on the day.
Additionally, Capo said it holds native assets for its decentralized identity verification blockchain Litentry (LIT) and Reserve Rights Token (RSR). The crypto trader also says he has a moving bag to earn the altcoin STEPN (GMT).
Capo’s bullish stance against a handful of altcoins means he Predict Bitcoin (BTC) could bounce to $21,000 in the short term, reversing course and reaching a potential bottom near $14,000. He says BTC’s “main trend” is still bearish.
Warning capo,
$21,000 is a very strong resistance. Altcoins may have fraud pumps during this BTC move. Lock profits.
Bitcoin is trading at $19,528 at the time of writing. The top-ranked crypto assets by market capitalization have risen more than 1.5% over the past 24 hours and nearly 2.5% over the past 7 days.
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