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Crypto analyst says Bitcoin (BTC) has bottom in sight after six weeks in red – here is its price target and date

After six consecutive weeks in the red, a popular crypto strategist says the end of the correction from Bitcoin (BTC) is finally in sight.
Pseudonymous crypto analyst Kaleo tells his 486,100 Twitter followers that he doesn’t think Bitcoin’s downtrend will end at $30,000.

“So what happens next? They’ll get you used to $30,000 just like they’ll get you used to $40,000. They will sell you for $40,000 dreams just as you were sold for $50,000 dreams. We’ll probably have a hit that comes close… The surrender will be fought in full force. Bitcoin is once again declared dead.”

In late April, when Bitcoin was still trading above $40,000, Kaleo predicted bears would push the top digital asset to $28,000. Over a month later, the crypto strategist says his roadmap is still valid.

“Bitcoin/BTC. Lots of hate in this thread and yet we kind of almost made it.”
Source: Kaleo/Twitter
With Bitcoin now trading close to its downside target, Kaleo predicts that BTC will bottom in the coming days.

our recommendation Crypto analyst says Bitcoin (BTC) has bottom in sight after six weeks in red – here is its price target and date, Crypto Trading News

“We had six weekly red candles in a row. This week will be number seven. Seven is a number of completion. Bottom is coming this week. If I had to guess $28,000/$29,000.”

At the time of writing, Bitcoin is changing hands for $31,046.
Check the price action

Source: Crypto News Deutsch

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