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.”