Cryptocurrency analyst il Capo of Crypto published a special analysis for the weekend in his latest post that he shared with his followers.
According to il Capo, the Bitcoin (BTC) price seems to have found a local top between $96,000 and $98,000, while the analyst thinks that Ethereum (ETH) looks bullish both in terms of its own price and its performance relative to BTC.
Additionally, il Capo claimed that the Solana (SOL) ecosystem altcoins and a few other altcoins, which he did not specifically name, have bullish potential.
In his statements a few days ago, il Capo argued that a new bull movement was likely as long as the Bitcoin price remained above $92,000.
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The analyst, who is known for his recent bullish statements, was once one of the biggest bear market advocates. When the BTC price experienced a major decline and fell to around $15,000, il Capo said that the bear market was not over and that he was waiting for the $12,000 level after the BTC price recovered and approached $30,000. However, BTC has not fallen to these levels since then and has continued to rise.
*This is not investment advice.