The analyst, who correctly predicted the collapse experienced by Bitcoin this year, said before the downtrend started again. bitcoin and shared that he expects a short-term rally for two different altcoins.
The analyst, known by the alias Capo, expects short-term rally for Bitcoin (BTC), Stellar (XLM) and Litecoin (LTC) until the US CPI report, which will be released on Thursday, is released.
Capo underlined that BTC could rise to $ 21,000, but he saw a possible collapse after the publication of the report.
“No update, no change… I will reevaluate later, but I still expect a rise in the market before the next CPI data. $21,000 is likely for BTC before new lows.”
Koinfinans.com As we reported, Traders are watching CPI reports carefully as they provide insight on whether the Federal Reserve will continue to raise interest rates.
Capo is also a crypto asset designed to act as a bridge between two fiat currencies when sending money abroad. stellar(XLM) closely follows. According to the analyst, XLM is likely to rise as high as $0.167 before losing about 50% of its value.
The peer-to-peer payments network Capo saw picking up over 12% towards its $58 goal Litecoin It is also on the short-term prospects list.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.