- Kaleo is a famous analyst and a crypto strategist.
- Through his calculations and charts, Kaleo has predicted a huge uptrend in the bitcoin market.
- According to his statement, Kaleo doesn’t view it as anything to be over-excited about quite yet.
The Crypto Prediction
Kaleo has predicted a surge in the Bitcoin (BTC) price. Kaleo speculates the whole potential trading range, which will span over an upcoming couple of months. Kaleo is a famous analyst and a crypto strategist. This pseudonymous analyst stated in front of his hundreds of thousands of Twitter followers, 527,900, to be precise, that there is a huge possibility of an upcoming Bitcoin rally.
Through his calculations and charts, Kaleo has predicted a huge uptrend in the bitcoin market. If we look at the short term, this uptrend will be around $28,000. A downtrend of around $20,000 will follow it. Then, when the price hits rock bottom, it will start going up and finally touch the $30,000 mark. The famous analyst claims that, so far, this is the most likely scenario in the bitcoin market in the upcoming months.
Is it The Indication of The Next Bull Market?
While a rebound from here may lead us to approximately $30,000, Kaleo doesn’t view it as anything to be over-excited about quite yet, according to his statement. He still feels the most likely conclusion is a range between $20,000 [and] $30,000 for at least the next several months.
The famous analyst also believes that even if the crypto enthusiasts somehow decide to ignite the fire and push the BTC chart engine, this will not be the initiation of another bull market. Although the next leg up we’ll see from this $20,000 mini-range we’re locked in won’t necessarily signify a change in momentum for a long-term fresh bull market, it will offer some much-needed relief from the months of negative price action we’ve lately experienced, according to Kaleo.
Bitcoin is trading at $22,266 as of this writing.
Source: https://www.thecoinrepublic.com/2022/07/18/famous-analyst-kaleo-predicts-the-upcoming-bitcoin-rally/