Kaleo Predicts Rallies For Bitcoin (BTC), Ethereum (ETH) And Terra (LUNA)
A widely followed crypto market analyst and trader, known as Kaleo, predicts rallies for Ethereum (ETH), Bitcoin (BTC) and Terra (LUNA), in the aftermath of the market wide correction last weekend.
Ethereum (ETH)
The analyst shared with his 454,000 followers on Twitter that ETH – the “king” of the layer-1 blockchain protocols – is ready to leave the rest behind.
“ETH is so bullish after the most recent flush it’s not even funny.
We’ve seen a major rotation play among the alt L1s (layer 1) the past few months.
It only makes sense that the king of the L1s finally has a chance to suck liquidity from the rest of the market and have a run of its own.”
ETH is so bullish after the most recent flush it’s not even funny.
We’ve seen a major rotation play among the alt L1s the past few months.
It only makes sense that the king of the L1s finally has a chance to suck liquidity from the rest of the market and have a run of its own.
At the time of writing, Ethereum is trading at $4,346, with 2% gains on a daily chart.
Bitcoin (BTC)
Regarding the largest digital asset by market cap, Bitcoin, Kaleo believes that BTC will go way beyond $100,000 during the current bull cycle.
“I’ve said it before and I’ll say it again – I still expect to see Bitcoin have a parabolic move to top out at $100K+ this cycle.
I’ll gladly start scaling out around $150K. I expect it to go higher, but I’m not concerned with nailing the top. Until then, just keep stacking.”
I've said it before and I'll say it again – I still expect to see #Bitcoin to have a parabolic move to top out at $100K+ this cycle.
I'll gladly start scaling out around $150K. I expect it to go higher, but I'm not concerned with nailing the top. Until then, just keep stacking. pic.twitter.com/r97vUbCxe5
