A famous and followed crypto analyst, Bitcoin He restated his predictions about BTC as it hovered around $43,000.
A crypto trader with the pseudonym Kaleo told his followers on social X that he believes Bitcoin will reach all-time highs (ATHs) sooner than previously thought. stated.
The analyst is of the opinion that BTC will reach ATHs in the middle of next year.
Slowly but surely this is happening. The only correction I would make to the thesis here is that I wouldn’t be shocked to see new Bitcoin ATHs a little earlier than stated in the original thesis (mid 2024 instead of late 2024/early 2025).
NEWS CONTINUES BELOW
The trader also says that Bitcoin remains in an uptrend despite a temporary dip to the $40,000 level recently.
The last decline we experienced was nothing more than a healthy correction after a major parabolic extension. I believe we have established the upper and lower bounds of a new range that we will likely trade within for the next month or two before continuing higher.
As stocks continue to climb to new ATHs, I see nothing slowing Bitcoin from continuing its path of price discovery if we get approval for a BTC ETF (exchange-traded fund) next month. If we add the halving in April, we are ready for a great year. 2024/2025 will be very bright.
The trader believes that the current strong performance of the Invesco QQQ Trust (QQQ), which includes the largest technology companies, is another reason to be bullish on Bitcoin as it gives investors exposure to a spot market Bitcoin exchange-traded funds (ETFs) that could receive approval next month. may indicate the level of interest.
The technology index is on the verge of printing new ATHs. It’s crazy that this is happening in the lead up to a potential ETF approval for Bitcoin (and perhaps not too long after ETH) and Bitcoin halving shortly after. All the stars are aligning to make 2024 special.
Koinfinans.com As reported by the trader, following the disruption of the meme coin’s uptrend Shiba Inu (SHIB) is also renewing its forecasts regarding its rival PEPE.
Now, [ATH’lere dönüş] scenario is invalid. I won’t go long until we see some bullish momentum and $0.0000018 regained. It would not be a surprise to see a return to the bottom of this range near $0.000001.
PEPE At the time of writing, it is trading at $0.00000143 and is down 6.7% in the last seven days.