A popular crypto strategist and trader, Bitcoin (BTC), Ethereum (ETH) and a popular your altcoin believes it will survive the recent market-wide decline and reach epic highs.
The analyst, who is a known altcoin whale and goes by the nickname Kaleo, told his 449,800 Twitter followers that the price action of BTC in recent months reflects 2020, where an accumulation phase will follow followed by a “rapid price increase to all-time highs”. The analyst’s chart shows that Bitcoin will surpass $150,000 early next year:
“Only ascension [sezonu] here.”
Bitcoin (BTC) is moving sideways and trading down at $58,492 at the time of writing, according to data from CoinGecko.
Kaleo, who also evaluated the leading smart contract platform Ethereum, was also watching the ETH/BTC trading pair last week and said the following about the first two cryptocurrency pairs 7 days ago:
“It is only a matter of time before ETH/BTC exits its current range.
After clearing 0.08 BTC ($4679), it could have a clear path to 0.12-0.15 BTC ($7000-8773).
0.16 is “flippening” (ETH surpassing BTC in Bitcoin pair). I don’t think this will happen, but we’ll get close enough that everyone will embrace the idea.
Kaleo posted an updated chart in response to his original tweet, saying that ETH has started its next bullish move.
“The fracture has begun. HBB [Hep birlikte başaracağız]”
The trader also local token of LUNA a tier-1 (L1) blockchain that supports a number of decentralized stablecoins terra He follows the protocol closely.
The famous analyst thinks that the 13th-ranked cryptocurrency is ready to rise towards the $100 range.
“Everyone is ready for the $100 LUNA, right? …
I don’t think it will take much time from here.
At the time of writing, LUNA is trading at $63.09, up nearly 10 percent on the day.
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.