A popular cryptanalyst who continues to build his following with timely altcoin calls says aid rallies for Bitcoin (BTC) approach, Ethereum (ETH) and an additional large-cap crypto asset.
The pseudonymous analyst known as Kaleo tells his 509,000 Twitter followers that Bitcoin is currently being hit hard by the selling pressure in the stock markets.
Kaleo says he expects Bitcoin to continue trading sideways before shooting out of its range to around $38,000, a roughly 20% rally from current prices.
“Doesn’t look nearly as crazy as it did at $29,000.”
At the time of writing, Bitcoin is changing hands at $30,550.
Kaleo also sees Ethereum on a recovery rally in the coming weeks and also announces its price target for ETH. According to the crypto analyst, he believes ETH will rally 26% in the short-term.
“$2,600 ETH makes sense.”
ETH is currently trading at $2,057.
The veteran crypto trader also has his radar on Binance Coin (BNB), the utility token powering crypto exchange Binance.
Kaleo says the Binance Coin/Bitcoin (BNB/BTC) pair is preparing to make a new one in the coming months all-time high to print.
“BNB/BTC looks set to hit an all-time high later this summer.
Pretty impressive strength in a declining market.”
At the time of writing, Binance Coin (BNB) is valued at $316 and is the fifth largest crypto asset behind market capitalization.
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Source: Crypto News Deutsch