Top Crypto Analyst Predicts Big Bitcoin Rally, ‘Most Likely’ Details for BTC in Coming Months

A popular crypto strategist predicts a price increase for Bitcoin (BTC) as he plots BTC’s possible trading range over the next few months.

Analyst under the pseudonym Kaleo he says 527,900 Twitter followers say a strong Bitcoin rally is imminent.

“Bitcoin/BTC. Soon.”

Kaleo’s chart predicts a huge Bitcoin bounce to around $28,000 in the short term, before Bitcoin breaks below $20,000, followed by $30,000.

Cryptocurrency strategist he says This broad environment is the “most likely” scenario for Bitcoin in the coming months.

“I still believe the most likely outcome is a range between $20,000 [and] $30,000 for at least the next few months, so while a bounce from here could take us to around $30,000, I don’t see it as anything to get too excited about just yet.

Kaleo also says that even if BTC bulls manage to ignite a relief rally, warns traders that the increase is unlikely to be the start of a new bull market.

“Although we will see the next leg out of that $20,000 mini-range we’re stuck in, it won’t signal a shift in gear for a sustained new bull market, which will provide some much-needed relief over the coming months. The bearish price action we’ve seen recently.

I hope it’s fun, but don’t let it turn into greed and consume you completely. Be patient, keep collecting, survive the cancer and be king in 2024/2025.”

At the time of writing, Bitcoin trading down 2.34% intraday to $20,931.

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