One of the most respected crypto analysts has issued a warning regarding Bitcoin.BTC“Traders shouldn’t exclude the possibility that crypto-king will drop below $50,000,” he said.
Kaleo is a pseudonym for a crypto trader. tells His 642,200 Twitter followers believed that Bitcoin would dip to the low $40,000s before exploding to new all-time records near the year’s end.
“While I don’t think a wick to the high $40,000s should be ruled out, I think it’s more probabilistic to see a bottom after a flush to the low $50,000s. Either way – new ATHs (all-time highs) by EOY (end of year) or close to it.”
Kaleo’s chart shows that BTC may skyrocket above $80,000 when it hits the $50,000 level.
Bitcoin currently trades for $54,084, a drop of over 10% from the previous day.
Kaleo’s accuracy has been proven when it comes to Ethereum. predicted The following are some examples of how to use ETH The price of Ethereum would likely correct at or near $2,400. Ethereum currently trades for $2,340.
Kaleo’s graph suggests, however, that after establishing a strong support at the $2400 mark, ETH is likely to make a big recovery and return above the $4000 level.
Dogecoin, the meme-themed asset with a dog theme (DOGEKaleo says While the recent dip may seem harsh, traders can take advantage of it to grab discounted tokens.
“I can see how this is perceived as painful – but IMO (in my opinion), it’s a gift. Is waiting until early 2025 for a full send really that long? Especially if you’re given another discount and several more months to stack.”
Dogecoin currently trades for $0.0933, which is a decrease of 13.61% on the day.
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