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Il Capo of Crypto, one of the most popular analysts in the cryptocurrency world, evaluated the general situation of Bitcoin, Ethereum and altcoins in his statement today.
According to the analyst, Bitcoin managed to break the upper range by rising above $69,000, which could be a good sign for the continuation of the bull.
il Capo thinks we may see more developments regarding Ethereum Spot ETFs this week. The SEC’s approval of Ethereum Spot ETFs comes as a big development. The analyst thinks the fact that BlackRock and others have updated their S-1 filings and disclosed their fees indicates that these ETFs could launch by the end of June or even earlier.
According to the analyst, NVDA shares remain strong in the US, which could positively impact AI-themed altcoins, especially as long as BTC remains bullish.
The analyst thinks that the rise of GME shares, a high-volatility stock in the US, also gives a good outlook for the memecoin sector.
il Capo thinks that altcoins still have a positive outlook as long as the BTC price remains above $60,000, ideally $65,000. In addition, he lists other interesting cryptocurrency sectors led by memecoins as follows: artificial intelligence, real world assets (RWA), Ethereum ecosystem, Solana ecosystem.
In addition, the analyst stated that the parities and charts he is watching closely these days are OTHERS, OTHERS.D, ETH/USD and SOL/USD.
*This is not investment advice.
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