Analyst il Capos Bearish Comments Unusual Claims Bullish Stance on Altcoins Despite Decline Provides Reasons for Position

Cryptocurrency analyst il Capo has made a surprising statement, expressing his bullish stance on altcoins despite the recent market downturn. Known for his bearish views, il Capo listed several reasons for his positive outlook, including the negative market sentiment, the resilience of Bitcoin (BTC) and Ethereum (ETH), the pending approval of Ethereum Spot ETFs, and the strong altcoin/BTC parity at a support level. He emphasized that there have been no negative developments to justify a bearish stance. Additionally, il Capo highlighted the significance of BTC reclaiming the $65,500 level as a highly bullish event. As of now, Bitcoin is trading at $65,132, having lost 2.2% in the last 24 hours. It’s important to note that this is not investment advice. For those interested in investing in over 300 cryptocurrencies, they can register with Binance exchange with a 20% commission discount. Stay updated with exclusive news, analytics, and on-chain data by following their Telegram and Twitter accounts.