HomeEthereumAnalyst Says Final, 'Violent' Move Up For Bitcoin: This Is His Price...

Analyst Says Final, ‘Violent’ Move Up For Bitcoin: This Is His Price Target


A widely followed crypto analyst predicts a big move higher for Bitcoin (BTC) after weeks of shorts.

Pseudonymous crypto analyst Kaleo says his 588,400 Twitter followers who believe Bitcoin is about to take off in a strong rally that will last until July.

Kaleo says that Bitcoin is regaining a high time frame (HTF) support level after falling below it for several days, price action that he says is often a recipe for a violent rally.

“Calls of deviations below HTF support like this usually lead to violent moves higher. ATM (right now) $27,700 is the level I’m looking at.”

Source: Kaleo/Twitter

the trader predicts that Bitcoin spikes past the $40,000 level in July, up more than 46% from its current value of $27,300 at the time of writing.

“One last leg up.”

Source: Kaleo/Twitter

The popular trader too says Leading smart contract platform Ethereum (ETH) is likely to waste no time in retrieving the $2,000 level.

“Return it to $2,000 in a hurry.”

Source: Kaleo/Twitter

He says that after briefly dipping below $1,800 earlier this month, ETH is now trading at the highs of the range, and he says there is more room to run.

Ethereum is trading at $1,855 at the time of writing, up 2.1% over the past 24 hours.

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