Prominent crypto analyst Capo remains bullish on Bitcoin (CRYPTO: BTC), arguing that current market conditions resemble an accumulation phase rather than the start of a deeper collapse.
"This Is Not Time To Sell, But To Buy"
In a June 11 market update, Capo acknowledged that his bullish thesis has not played out yet but maintained that his broader outlook remains unchanged.
The analyst noted that high-timeframe market calls often take longer to develop and that timing is frequently the most difficult part of macro investing.
Despite Bitcoin’s weakness, Capo continues to view the current area as a major support zone, as in February.
