The well-known cryptocurrency analyst, il Capo of Crypto, recently provided his analysis on Polkadot (DOT) and Bitcoin (BTC).

DOT's price is currently at a significant support level after being rejected from resistance. If this support level holds, il Capo anticipates a potential increase to the $10 to $11 range. Breaking this level could propel the token's price to $15 to $17. The analyst identified several reasons for his bullish outlook on DOT, including the upcoming Polkadot 2.0 launch, Parachains, the growing Polkadot gaming industry, and AI integrations like PHA.

On the Bitcoin front, il Capo noted a strong demand zone between $59,000 and $61,000. If BTC manages to surpass the $65,000 resistance level, il Capo predicts targets of $68,000 to $69,000 and $74,000 to $75,000. However, any bearish signals between the $57,000 and $59,000 region would invalidate this bullish scenario.

It's important to note that this analysis does not constitute investment advice.