A broadly followed cryptocurrency analyst is predicting a big move to the upside for Bitcoinย (BTC) after weeks of chopping around.
Pseudonymous cryptocurrency analyst Kaleo tells his 588,400 Twitter followers that he believes Bitcoinย (BTC) is about to take off on a strong rally lasting until July.
Kaleo reveals that Bitcoinย (BTC) is reclaiming a high timeframe (HTF) levelย ofย support after dipping below it for plentyย of days, a price behavior that he reveals isย frequently a recipe for a violent spike up.
โReclaims of deviations beneath HTF support like this typically lead to violent moves to the upside. ATM (at the moment) $27,700 is the level Iโm watching.โ
The trader predicts that Bitcoinย (BTC) skyrocketsย past the $40,000 level by July, a greaterย than 46 percent increase from its current value of $27,300 at time of writing.
โ 1 last leg up.โ
Ourย trending trader likewise says leading smart contract platform Ethereumย (ETH) isย veryย likely waste no time in reclaiming the $2,000 level.
โRun it back to $2,000 with haste.โ
He says that after briefly dipping below $1,800 earlier theseย 30ย days, Ethereumย (ETH) is now currentlyย worth the range highs, and he reveals thereย is more room to run.
Ethereumย (ETH) is trading for $1,855 atย theย momentย ofย writing, up 2.1 percent during the past 24 hours.
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