Top Analyst Says, BTC Will Surge After Clearing Major Hurdles

February 20, 2023

A well-known analyst thinks that Bitcoin (BTC) is getting ready to make a big move up.

A fake crypto strategist named Kaleo tells his 555,100 Twitter followers that the king crypto is probably getting ready for a huge breakout that could send it to a level not seen since June 2022.

“When this finally breaks through, we’ll see a glorious god candle to $30,000. Just don’t think today is the day that’s going to happen be careful and don’t get too greedy yet friends.”

At the time this was written, Bitcoin was being traded for $22,579. This is around the diagonal resistance area on Kaleo.

One of Kaleo’s charts shows that he thinks Bitcoin will go up to $30,000 in February.

“$30,000 is a magnet.”

If the price goes up toward his target, it would mean that the king cryptocurrency could go up by more than 32% from where it is now.

Kaleo also says that he thinks Bitcoin will follow the same patterns it did in 2019, when it went from $3,000 to around $14,000 in a few weeks. He also says that Bitcoin is likely to become more popular on the cryptocurrency markets, which will take money away from altcoins. He also thinks that the ratio of Ethereum to Bitcoin (ETH/BTC) will go down as the king cryptocurrency continues to rise.

“Not much change over the past several days for ETH/BTC. Still expecting this level to break lower over the next several weeks as BTC continues to strengthen, absorbing liquidity from alts similar to what happened in the 2019 bear market rally.”