- Renowned crypto analyst, il Capo of Crypto, has made a bullish prediction for altcoin Polkadot (DOT) and Bitcoin (BTC).
- According to the analyst, DOT price is at a significant support level after being rejected from a resistance point.
- il Capo suggests that if this support holds, we could see a rise to the same resistance level of $10 to $11. If this level is also broken, the token price could reach $15 to $17.
Renowned crypto analyst, il Capo of Crypto, predicts a bullish future for Polkadot (DOT) and Bitcoin (BTC), with potential significant price increases if certain resistance levels are broken.
il Capo’s Bullish Reasons for DOT
il Capo lists several reasons for his bullish stance on DOT:
- The arrival of Polkadot 2.0.
- Parachains.
- Polkadot’s gaming sector (the switch of Mythical Games to DOT).
- AI integrations like PHA.
il Capo’s Analysis on Bitcoin
Alongside his views on DOT, il Capo also shared his evaluations for Bitcoin. According to the analyst, there is strong demand between the $59,000 to $61,000 levels, and with most indicators being bullish, a jump could be likely. If the BTC price breaks the resistance level of $65,000, the first target would be $68,000 to $69,000, followed by a secondary target of $74,000 to $75,000.
Conclusion
il Capo warns that if bearish signs are seen in the previous liquidity region of $57,000 to $59,000, this bullish scenario could lose its validity. As always, these predictions are not investment advice and investors should do their own research before making any decisions.
