While the cryptocurrency market remains uncertain about the direction, many analysts and experts make different predictions about Bitcoin’s future price movements. One of these predictions belongs to analyst Kaleo, known by his pseudonym. Kaleo Bitcoin shared its current predictions for leading altcoins Ethereum and Solana.
Kaleo warns that Bitcoin may experience a significant decline from its current value believes. According to him, Bitcoin’s value could fall by more than 20%, which could represent a significant move in the cryptocurrency market. The analyst points out that the price of Bitcoin may drop to the $ 20,800 level.
“It wouldn’t be a surprise to see something like this happen.”
However, Kaleo’s forecast is not limited to just the decline. According to the chart shared by the analyst, after Bitcoin declines in the short term, it may show a surprise rise in the next month and its price may reach the level of $ 36,000.
Besides these, the analyst argued that Ethereum (ETH) is on the verge of decline after repeatedly testing a vulnerable support level.
“For example, ETH is hanging on the edge of a cliff. “I think there will be a breakout to lower levels before switching back to turbo and it is still possible to see a level above $2,000 again.”
Finally, the trader claimed that popular altcoin Solana (SOL) could collapse 27% from its current value if it fails to maintain a key support level at $18.
“From a USD perspective, we expect the real decline to start below $18.”
Looking at its chart, Solana is in danger of collapsing as it has failed to successfully convert the resistance line into support.
You can follow the current price movement here.