- The cryptocurrency analyst strongly believes that BTC is not going to fall beneath $20,000 till it reaches $40,000.
- The analyst believes that BTC is doing one thing similar to what the king of cryptocurrencies did in 2019.
- BTC is presently buying and selling at $27,689.97 after a 1.98% value drop.
A widely known cryptocurrency dealer and analyst who goes by the identify KALEO took to Twitter earlier this morning to share his opinion on the value of Bitcoin (BTC) within the close to future. On this put up, the analyst expressed his dismay that some individuals are nonetheless satisfied that the value of BTC will fall beneath $20,000 earlier than reaching $40,000.
The analyst believes that BTC is doing one thing similar to what the king of cryptocurrencies did in 2019. BTC “broke the HTF log resistance” after which it merely moved greater throughout this era.
Moreover, BTC is presently in the same halving cycle interval because it was in 2019. Many different crypto analysts commented on the put up and whereas some folks disagreed with the analyst’s opinion, many agreed.
CoinMarketCap signifies that the cryptocurrency market chief is considered one of many cryptocurrencies buying and selling within the unfavorable right now. BTC is presently buying and selling at $27,689.97 after a 1.98% lower within the final 24 hours. Throughout the identical interval, the cryptocurrency managed to achieve a peak worth of $28,803.34. Nonetheless, BTC remains to be up greater than 12% over the previous seven days.
BTC’s 24-hour buying and selling quantity is within the crimson zone and presently stands at $31,969,117,662 after falling greater than 3% since yesterday. When it comes to market cap, BTC is $31,969,117,662.
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