Bitcoins Violent Final Upswing Predicted by Analyst with Price Target

Bitcoins Violent Final Upswing Predicted by Analyst with Price Target

A crypto analyst predicts a significant increase in Bitcoin’s value, with a potential rally lasting until July, as the cryptocurrency reclaims a high timeframe support level.

A broadly followed cryptocurrency analyst is predicting a big move to the upside for Bitcoin (BTC) after weeks of chopping around.

Pseudonymous cryptocurrency analyst Kaleo tells his 588,400 Twitter followers that he believes Bitcoin (BTC) is about to take off on a strong rally lasting until July.

Kaleo reveals that Bitcoin (BTC) is reclaiming a high timeframe (HTF) level of support after dipping below it for plenty of days, a price behavior that he reveals is frequently a recipe for a violent spike up.

“Reclaims of deviations beneath HTF support like this typically lead to violent moves to the upside. ATM (at the moment) $27,700 is the level I’m watching.”

The trader predicts that Bitcoin (BTC) skyrockets  past the $40,000 level by July, a greater than 46 percent increase from its current value of $27,300 at time of writing.

“ 1 last leg up.”

Source: Kaleo/Twitter

Our  trending trader likewise says leading smart contract platform Ethereum (ETH) is very likely waste no time in reclaiming the $2,000 level.

“Run it back to $2,000 with haste.”

Source: Kaleo/Twitter

He says that after briefly dipping below $1,800 earlier these 30 days, Ethereum (ETH) is now currently worth the range highs, and he reveals there is more room to run.

Ethereum (ETH) is trading for $1,855 at the moment of writing, up 2.1 percent during the past 24 hours.

Generated Image: DALLE-2


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