Crypto Strategist Predicts New Bitcoin (BTC) High, Leap To $40,000
Key Points:
- According to Crypto Strategist, Bitcoin is likely to set up for a parabolic leap to $40,000 by May of this year.
- Bitcoin continues to flirt with the $25k mark, allowing altcoins to continue pumping left and right.
A well-known cryptocurrency analyst has revealed his strategy for a Bitcoin (BTC) climb to a new all-time high.
According to Kaleo, a pseudonymous expert, Bitcoin is likely to set up for a parabolic leap to $40,000 by May of this year.
Focusing on the lower timeframe, Kaleo believes Bitcoin will break through its diagonal barrier and rally to $30,000 in the coming days, followed by a brief pullback to retest the diagonal resistance and turn it into support, resulting in a surge to $40,000.
Low timeframe roadmap with commentary.
In terms of his prognosis for the following months, Kaleo believes Bitcoin will eventually see a deep retracement period after reaching his target of $40,000, falling as low as $20,000 by the end of the year. Once the corrective period is through, the expert anticipates that the king cryptocurrency will officially begin a new bull market by early 2024, just in time for the next Bitcoin halving, which will reduce BTC miners’ rewards by 50%.
According to Kaleo, the bull market will boost BTC to a new all-time high by late 2024 or early 2025.
And here’s your roadmap through the next halving new all-time highs soon enough. It might seem far off, and it’ll feel like hell but it’ll all happen in the blink of an eye.
So far nothing unexpected – BTC chopping within the upper bounds of the range. Rarely see anything too crazy happen on a holiday, so shouldn’t see too much of a deviation anytime soon.
Santiment also reported that the crypto markets continue to deliver spectacular results, with a big number of projects adding 20% or more to their market caps in the last week. Bitcoin continues to flirt with the $25k mark, allowing altcoins to continue pumping left and right.
DISCLAIMER:Â The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
Author
Bitcoin
Crypto Strategist Predicts New Bitcoin (BTC) High, Leap To $40,000
Key Points:
- According to Crypto Strategist, Bitcoin is likely to set up for a parabolic leap to $40,000 by May of this year.
- Bitcoin continues to flirt with the $25k mark, allowing altcoins to continue pumping left and right.
A well-known cryptocurrency analyst has revealed his strategy for a Bitcoin (BTC) climb to a new all-time high.
According to Kaleo, a pseudonymous expert, Bitcoin is likely to set up for a parabolic leap to $40,000 by May of this year.
Focusing on the lower timeframe, Kaleo believes Bitcoin will break through its diagonal barrier and rally to $30,000 in the coming days, followed by a brief pullback to retest the diagonal resistance and turn it into support, resulting in a surge to $40,000.
Low timeframe roadmap with commentary.
In terms of his prognosis for the following months, Kaleo believes Bitcoin will eventually see a deep retracement period after reaching his target of $40,000, falling as low as $20,000 by the end of the year. Once the corrective period is through, the expert anticipates that the king cryptocurrency will officially begin a new bull market by early 2024, just in time for the next Bitcoin halving, which will reduce BTC miners’ rewards by 50%.
According to Kaleo, the bull market will boost BTC to a new all-time high by late 2024 or early 2025.
And here’s your roadmap through the next halving new all-time highs soon enough. It might seem far off, and it’ll feel like hell but it’ll all happen in the blink of an eye.
So far nothing unexpected – BTC chopping within the upper bounds of the range. Rarely see anything too crazy happen on a holiday, so shouldn’t see too much of a deviation anytime soon.
Santiment also reported that the crypto markets continue to deliver spectacular results, with a big number of projects adding 20% or more to their market caps in the last week. Bitcoin continues to flirt with the $25k mark, allowing altcoins to continue pumping left and right.
DISCLAIMER:Â The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
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