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Popular crypto strategists anticipate a surge in Bitcoin (BTC) prices and plan a possible BTC trading range over the next few months.
Pseudonym Analyst Caleo To tell His 527,900 Twitter followers say a powerful Bitcoin rally is imminent.
“Bitcoin / BTC. Later.”
Kaleo’s chart predicts that Bitcoin will bounce to around $ 28,000 in the short term, then another leg will fall below $ 20,000 and then rise to $ 30,000.
Cryptographic strategist To tell This ranged environment is the “most likely” scenario for Bitcoin in the coming months.
“I still believe that the most likely results are in the $ 20,000 range. [and] It’s going to be $ 30,000 at least in the next few months, so a bounce from here could be about $ 30,000, but I don’t think I’m too excited yet. ”
Caleo also said that even if the BTC bull could ignite a relief rally, he warning Traders say the surge is unlikely to be the beginning of a new bull market.
“The next leg-up from this $ 20,000 mini-range we’re stuck in doesn’t necessarily indicate a shift to momentum for a new sustainable bull market, but it’s the bear we’ve seen recently. Price behavior.
Hope it’s fun, but don’t greedily evolve it and consume you completely. Be patient, stack up, survive the crabs, and become king in 2024/2025. ”
At the time of writing Bitcoin On the day of the event, we are exchanging hands for $ 20,931 which is a 2.34% decrease.
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Featured Image: Shutterstock / Lord Beard
