Top analyst predicts relief rallies in Bitcoin (BTC), Ethereum (ETH) and another large-cap altcoin
A popular crypto analyst, who continues to build his following with timely altcoin calls, says aid rallies for Bitcoin (BTC), Ethereum (ETH), and another large-cap crypto asset are approaching.
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.”
Source: Kaleo/Twitter
At the time of writing, Bitcoin is changing hands at $30,550.
Kaleo also sees Ethereum embarking 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 print a fresh all-time high in the coming months.
“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 by market cap.
Check the price action
Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
 
Check the latest headlines
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.