Crypto Analyst CAPO Warns of Key Market Levels Amid Bitcoin and Altcoin Rally; RENDER Eyes Further Upside

Published: 2025-05-09 17:27:19 |

Cryptocurrencies are experiencing notable volatility, with Bitcoin (BTC) trading near $96,600 and RENDER (RNDR) up almost 97% over the past two months, currently near $4.9. Crypto analyst CAPO, known for his accurate calls during previous bear markets, now maintains a cautious yet bullish approach. He identifies $92,000 as a critical Bitcoin support level—any breach could trigger a sharp correction toward $60,000, a potential decline of over 37%. Conversely, as long as BTC holds above this level, further rallies in altcoins like RENDER and Solana (SOL) are possible. CAPO highlights $4.25 as a key reclaim for RENDER, targeting $6–$7 if momentum persists. Altcoins such as SOL could continue upward if essential supports ($170-$200) are respected, but CAPO cautions about profit-taking and a possible market correction or ’black swan’ event, especially towards month’s end. Macroeconomic factors, including upcoming China-US meetings and expected tariff decreases, may impact crypto prices. CAPO advises traders to hedge after significant gains and stresses monitoring both technical and macroeconomic signals for effective trading strategies. Key takeaways: watch Bitcoin’s support, altcoin trends, and pending global events for informed crypto trading.

Neutral

CAPO’s analysis highlights carefully balanced bullish potential and significant downside risk. While RENDER demonstrates strong momentum following key technical breakouts and altcoins such as SOL are poised for further gains if support levels hold, the warning of a possible sharp correction if Bitcoin breaks its critical $92,000 support level introduces caution. Macroeconomic factors and potential profit-taking among traders also add to market uncertainty. Overall, the direct news is neither distinctly bullish nor bearish but signals the need for vigilance, hedging, and readiness for increased volatility in both the short and long term, pending market and global economic developments.