Popular crypto analyst Kaleo, especially the next BTC As the halving event approaches, he believes that a $ 40,000 BTC price is inevitable in the coming months. In addition, the analyst expects Bitcoin (BTC) to hit an all-time high in late 2024 or early 2025.
$40,000 is a magnet
The most awaited next bitcoin The (BTC) bull run could soon reveal itself, according to a professional technical analyst. Nicknamed crypto strategist Kaleo claims that Bitcoin (BTC) will explode over 73% in the coming days, weeks or months. The analyst shared the forecast on Twitter.
He believes Bitcoin, with 23,013 traded at press time, will skyrocket to $40,000 or possibly higher. Widely followed expert according to“$40,000 is a magnet” for Bitcoin.
The next Bitcoin bull run
Beyond that, Kaleo predicts that BTC will reach an all-time high (ATH) and the next Bitcoin as a possible catalyst halving draws attention to its effectiveness.
“…here is your roadmap through the next Halving. New ATHs coming soon. It may seem so far away and it may seem so difficult, but it will all be in the blink of an eye.”
However, the analyst does not expect a one-way rise to BTC’s all-time high. According to the chart he shared, Bitcoin should drop back to the $23,000 level where it has key support, and then later in late 2024 and early 2025 after the next Bitcoin Halving. 40,000 Must gain momentum to break dollar resistance.
Short-term Bitcoin (BTC) price
Besides, Kaleo also shared its short-term forecast. According to his analysis, it is currently facing slight resistance at $25,000. bitcoinwill eventually surpass that and reach $30,000 in the next few days.
Squeeze back to ~$26K to retest upper resistance from here makes sense LTF.
Timeline will be ecstatic about break out of pennant, but a retrace back to high 24s followed by more chop in the upper part of the range before we see the leg up to $30K sounds right. pic.twitter.com/0kz5bfxm53
— KALEO (@CryptoKaleo) February 21, 2023
You can follow the current price action here.