Known as “il Capo Of Crypto,” the analyst shared to his 232,000 twitter followers about potential bottoms in BTC and ETH as well as smart contract platforms Solana (SOL) and Cardano (ADA).
"Potential bottoms: BTC $40,000, ETH $3,000, ADA $1.02, SOL $125."
Capo says he expects a scenario where BTC drops slightly below $40,000 before bouncing back sharply and reclaiming the $50,000 level.
“Waiting something like this for bottom formation… Blue line is at $40,000…”
According to Capo, the current price range for Bitcoin ultimately presents one of the most important trading opportunities of 2022.
"I'm buying between $40,000 and $45,000. This is by far one of the best buying opportunities for this year. Consolidation under $40,000 is misleading me."
CryptoCapo claims that ADA will continue to drop below current prices and approach the $1.00 range before reversing the trend.
"ADA is breaking support and going straight into buying territory."
While the outlook for Cardano appears to be bearish, Capo expects more bullishness in ADA in the long run. The analyst predicts that Cardano could hit $10.
Cardano price today is $1.16 with a 24-hour trading volume of $1,007,194,858. The price has increased by 3.4% in the last 24 hours. There is a supply of 32 Billion ADA coins in circulation, with a total supply of 45 Billion coins.
At the beginning of 2020, il Capo Of Crypto (CryptoCapo) said that Bitcoin would fall to $ 3,500 and XRP would reach $ 0.11 and his prediction was correct.
He also managed to predict $0.13 in XRP. il Capo Of Crypto was also able to accurately predict some of the big drops that other altcoin projects have seen.