Cryptocurrency analyst Joao Wedson made significant assessments regarding the short-term outlook of Bitcoin in his latest statement. Wedson stated that the Risk Cap metric signals a short-term decline in line with current data, but important developments may occur in the coming months.
What Does the Risk Cap Metric Show?
The Risk Cap metric measures the risk level of an asset by analyzing the relationship between its market value (market cap) and capital change (delta cap). Normalized into 24-hour periods, this indicator provides important data on Bitcoin's price volatility and risk levels.
Wedson's Short-term Forecast
The Risk Cap metric peaked in March 2024. A lower peak was formed in December, indicating a loss of momentum in market value. Wedson reiterated that he is bearish for Bitcoin in the short term, predicting that altcoin season is approaching but will gain momentum towards the end of April.
Potential for Altcoin Growth
According to Wedson, Bitcoin could reach a new all-time high by October 2025. However, the real movement is expected to be on the altcoin side. The analyst thinks that smaller and newly launched projects in particular can come to the forefront in the market by drawing liquidity from older projects. Wedson states that this cycle could last until November-December 2025 and advises investors to turn their attention to the altcoin market.
Analyst Joao Wedson sees potential for short-term Bitcoin decline but highlights the opportunity for altcoin growth in the long term. This forecast may be relevant for investors interested in cryptocurrency market changes.
