A closely watched cryptocurrency strategist and analyst explains what he thinks is the most realistic route for leading crypto Bitcoin (BTC) in the coming months. We have prepared the analyst’s posts for our readers.
Whale charts the route that Bitcoin (BTC) will follow
The whale, whose views we gave in the news Kaleo, is a cryptocurrency analyst using the nickname Kaleo. tells his 512,500 Twitter followers that he believes Bitcoin (BTC)’s nearly $28,000 support will continue until September before Bitcoin pulls it out and drops below $20,000:
I’m simple with simple dreams I am a man. Basically I’m still waiting for something like this to emerge for Bitcoin in the next six to nine months.
Source: Kaleo / Twitter Whale Looking at Kaleo’s chart, the crypto strategist predicts a parabolic rally to $40,000 for BTC after the massive capitulation event.
Crypto analyst believes that Bitcoin (BTC) is in a medium-term bearish trend, but believes that the leading crypto Bitcoin is ready for a rally in the coming days:
It probably won’t be as vertical as the blue lines above or the arrows below indicate, but I don’t expect it to be too far off. Again, one should not play this move for a reversal leading to a new bull market. Should play this as a bullish swing within a range.
Source: Kaleo / Twitter Crypto strategist Kaleo also explains his goals for the anticipated Bitcoin (BTC) relief rally:
The first level to watch is around $36,000 retesting the lower higher time frame diagonal (resistance) required. I expect some resistance there and hope to squeeze the higher diagonal (resistance) at the high $30,000/low $40,000 and basically erase the bearish LUNA price action (for now).
Source: Kaleo / Twitter At the time of writing, the leading crypto Bitcoin price slipped from 32 thousand dollars, the highest level it saw after the collapse, to $ 30,255. BTC is trading with a loss of 4.45% in the last 24 hours.
