The analyst, who managed to gain a mass with his previously shared altcoin predictions, shared that he expects an auxiliary rally in Bitcoin (BTC) and two major altcoins in his new analysis. Here are the details.
kaleo The analyst, known by the alias, stated that Bitcoin continued to ‘trade horizontally’ before rallying about 20% towards the $38,000 level.
“No longer as crazy as it was at $29,000, it has calmed down a bit.”
While preparing the news Bitcoin (BTC) It was trading at an average of $30,500.
Kaleo also shared a price target, predicting that Ethereum could also start a relief rally in the coming weeks. According to the analyst, ETH has a 26% chance of starting a rally in the short term. This corresponds to the average level of $ 2600.
While preparing the news Ethereum (ETH) It was trading at $2,057.
Kaleo also recently shared a forecast for Binance Coin (BNB), the utility token that powers crypto exchange Binance.
Kaleo stated that the Binance Coin/Bitcoin pair (BNB/BTC) is poised to hit an all-time high in the coming months.
“It looks like BNB/BTC is looking to hit an all-time high by the end of this summer. Pretty impressive strength in a declining market.”
While preparing the news Binance Coin (BNB) It was trading at $316.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.