Kaleo analyst predicts inevitable growth of bitcoin

A popular analyst in the cryptocurrency community, Kaleo, has shared his thoughts on the future value of the flagship cryptocurrency, and he believes that bitcoin is set for inevitable growth. As Kaleo told his 553,400 Twitter followers, BTC $96,933.80 Bitcoin -0.55% Market capitalization $1.92 trillion VOL. 24 hours $1.48 billion is ready to start growing.

Kaleo emphasized that bitcoin will soon rise to $ 18,800, after which it will continue its upward movement. «Finally, BTC will leave the basic range of $ 16,000-$ 17,000, where the flagship of the crypto market has been stuck for several weeks,» the analyst said.

«I don’t expect a new all-time high soon, but a return to the $ 30,000-$ 40,000 range with a further reduction in the distance to the ATN before the next halving is quite realistic,» Kaleo said in late November. Interestingly, the expert predicted that bitcoin would fall to $ 12,500 in the near future.

Kaleo is not the only one convinced that bitcoin has the potential to grow in 2023. According to the expert and trader at Inmortal, the value of Cryptocurrencies will rise by 77%. «I expect a bear market to rise in mid-2023,» the analyst said.