A renowned crypto analyst is revealing that he believes Bitcoin (BTC) is the most likely future in the next few months.
Pseudonymous analyst Kaleo informed his 512,500 followers on Twitter that he expects Bitcoin to be supported around $28,000 until September. This will happen when bitcoin breaks down and the price drops to $20,000.
Kaleo claims that he is a simple humble person whose ambitions are also simple….. yet he expects something like this to happen in the next six to nine months.
optimistic on bitcoin
Even if crypto researchers are bearish on bitcoin in the short term, they think it is due for a rally in the near future.
He comments that “it won’t be as vertical as the blue lines above or the down arrow, but I don’t think it will be very far.” Again, I am not betting on a change that would lead to a new bullish trend. I see this as an optimistic range swing.”
Crypto experts are also revealing their anticipated BTC recovery rally target.
Talking about Bitcoin, the strategist quotes “The first level to watch is a retest of the lower higher time frame diagonal.” [resistance] At about $36,000. I expect some resistance there, and am looking for a push to the higher diagonal [resistance] In the upper $30,000/lower $40,000 range, the negative LUNA price action (for the time being) effectively wiped out.”
At the time of reporting, bitcoin is changing hands at $30,262, down 0.96% over the past 24 hours.
