“I’ve said it before and I’ll say it again – I still expect that Bitcoin Has parabolic movement this cycle to peak at $ 100,000+ USD.
I’ll be happy to start scaling around $ 150,000. I expect it to go higher, but my point is not to nail the tip. Until then, just keep stacking. “
Source: Kaleo / Twitter
The analyst also argues that Bitcoin is following in the footsteps of the S&P 500 ETF Trust, which recently printed new all-time highs.
“Highest degree ever for SPY. Let me tell you clearly – [the] The same argument was made this summer when BTC / crypto lagged behind. It caught up. The same shit will happen again. “
Kaleo says Bitcoin’s decline below $ 50,000 is an opportunity for investors to top up their holdings.
At the time of this writing, the leading digital asset is trading hands at $ 51,307.37.
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Source: Crypto News Deutsch