JAKARTA – The decline in the price of Bitcoin caused chaos in the crypto market. Traders flocked to sell off for fear of losing funds, this caused the price of BTC to fall even further.
Even so, crypto strategist Kaleo told his hundreds of thousands of Twitter followers that the end of Bitcoin's correction was in sight. The analyst predicts the price of BTC will break the level of 30.000 US dollars.
“So what happened next? They will get you used to $30.000 just as they get you used to $40.000. They will sell to you for $40,000 like [when] you sell for $50.000," Kaleo said.
“We might get a rebound approaching… Capitulation will come out in full force. Bitcoin will once again be declared dead,” Kaleo wrote in his Twitter post.
VOIR éGALEMENT:
According to Daily Hodl, at the end of April, when Bitcoin was still trading above USD 40.000, Kaleo predicted the decline would push the top digital asset up to USD 28.000. More than a month later, the crypto strategist says that the roadmap is still valid.
“Bitcoins/BTC. Lots of hate throughout this thread, yet somehow we almost made it. ”
As Bitcoin is now trading near its downside target, Kaleo predicts that BTC will bottom out in the coming days.
He further explained that this week Bitcoin will end the downward trend at the price of 28.000 or 29.000 US dollars per coin.
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