A fresh weekend update from a well-known crypto market commentator suggests that Bitcoin may be running out of steam in the short term, while other digital assets could be gearing up for a breakout.
The analyst, known online as il Capo of Crypto, believes BTC might have hit a temporary ceiling somewhere between $96,000 and $98,000. Though that doesn’t necessarily signal an immediate drop, he appears more optimistic about Ethereum’s current price action — especially when comparing it to Bitcoin.
In addition to Ethereum, il Capo sees rising momentum in tokens tied to the Solana ecosystem, along with a handful of other unnamed altcoins that he believes are positioned for gains.
Earlier this week, the same analyst had pointed to $92,000 as a key support level for Bitcoin. He maintained that the overall bullish structure remains intact as long as BTC holds above that threshold.
Il Capo’s recent outlook is notable because it marks a shift in tone. During the depths of the 2022 bear market, he was one of the more prominent voices warning of further downside, going as far as predicting a collapse toward $12,000 even after BTC recovered to $30,000. That call never materialized, and the market has continued its upward trajectory.
Now, with Bitcoin consolidating near all-time highs, attention seems to be turning to altcoins — especially those showing strength in comparison to BTC.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/whats-next-for-bitcoin-ethereum-and-solana-analyst-breaks-down-the-trends/