bitcoin The analyst named Kaleo, who is famous for being successful in his forecasts more than once, has published his new forecast. The analyst is of the opinion that BTC will follow the price action in 2019 when it enters a period of consolidation, albeit briefly, after a parabolic rise.
Analyst kaleoas in 2019, Bitcoin adheres to a “diagonal” resistance on the four-hour chart, therefore it is in an accumulation phase. stated.
There are many similarities with the current range and where we were in the spring of 2019 after BTC broke above the bear market downtrend on the higher timeframe. Some bearish is possible here before the real move starts.
Looking at Kaleo’s chart, there seems to be a possibility that BTC could slide back towards the $25,000 level before it breaks the diagonal resistance and rallies towards $33,000.
At the time of this news, Bitcoin was trading at $ 28,086. A correction towards $25,000 marks a drop of about 11%.
According to Kaleo, a move towards $25,000 could change trader sentiment in BTC. The reason is that he believes BTC will erase the bullish enthusiasm on its rally over the past few weeks and invite the bears to suddenly re-emerge.
It would actually be fun to drop to $25,000 before seeing $30,000.
1) It will guarantee that within 90 days the crowd of $1 million will disappear completely during the small fall.
2) The whispers of the $12,000 crowd will be guaranteed to return to the timeline to get their hearts broken again.
You can follow the current price action here.