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Bitcoin will grow by 65% in the next few months — cryptocurrency expert explains why
nOT financial advice!
A popular crypto analyst and trader known as Kaleo predicts a bullish trend for the flagship cryptocurrency BTC $58,316.90 Bitcoin -2.03% Market capitalization $1.15 trillion VOL. 24 hours $2.99 billion as bitcoin tries to overcome the $ 25,000 resistance level. The expert told his 563,900 Twitter followers that BTC is approaching the $ 40,000 price level.
According to Kaleo’s forecasts, bitcoin could rise to above $ 40,000 over the next few months. According to the chart posted on the trader’s Twitter page, it is expected that the BTC rate will increase from April to July 2023.
$ 30K is a magnet, but $ 40K is too. pic.twitter.com/wvJRuGkyWN
— K A L E O (@CryptoKaleo) February 19, 2023
Kaleo goes on to suggest that in 2024, bitcoin will fall to the $ 20,000 support level before the next bullish trend begins. The analyst is confident that it will end with new historical highs in early 2025. The popular crypto expert warned that he will analyze the top altcoins only when bitcoin’s dominance over other cryptocurrencies exceeds 50%.
Earlier, Kaleo suggested that the flagship crypto asset would break through the $ 30,000 level in February. The trader noted that the situation on the crypto market reminds him of the 2019 rally. «I expect bitcoin to continue to strengthen and absorb liquidity from the market. The situation is similar to 2019,» the crypto expert emphasized.
As of February 24, BTC is trading at $ 23,866 with a market capitalization of $ 460.6 billion.