A popular cryptocurrency analyst under the pseudonym Kaleo, who has amassed more than 550,000 followers on Twitter, said that he expects a large-scale increase in the price of bitcoin soon.
In his opinion, in the coming months, the rate of the first cryptocurrency will return to the levels of June 2022. Already in February, bitcoin can reach $30,000. Accordingly, it should grow by 30% next month.
“When bitcoin breaks through all resistance, we will see a glorious candle to $30,000. But, I warn you, this can happen at any time and not necessarily tomorrow. Be careful and control your greed. But $30,000 will definitely attract the Bitcoin chart,” the analyst wrote.
Kaleo also noted that the current situation in the cryptocurrency market is very reminiscent of 2019, when bitcoin rose from $3,000 to $14,000 in a few weeks. The analyst expects that in the coming months, the first cryptocurrency will again regain market dominance and attract liquidity from altcoins.
“Over the past few days, there have been no significant changes in the ETH/BTC rate. But I expect the chart to break through the support at the bottom, and Bitcoin will continue to strengthen and absorb liquidity from the market. The situation is similar to 2019,” says Kaleo.
Earlier, Bits.Media published a large-scale analytical material with a forecast of the behavior of the cryptocurrency market.
Source: Bits
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