Top crypto trader and market analyst Kaleo predicts bitcoin will reach $250,000 by July, in addition to being bullish on several altcoins.
In a series of tweets made last week, the pseudonymous trader told followers “we’re still early” in the bull rally for bitcoin. According to Kaleo’s charts, BTC is on pace to trade sideways for several weeks before breaking out into an exponential climb as high as $250k by mid-summer.
Kaleo also indicated he was bullish on litecoin and said the majority of the market was underestimating LTC’s potential in an altcoin rally. The popular trader said there is still “time to accumulate” LTC before another breakout, noting the coin’s previous market behavior relative to bitcoin.
In addition to bitcoin and litecoin, the trader highlighted LINK and ALGO, saying the latter was “only just getting warmed up.” The crypto analyst published charts showing algorand making a rally to $6.00, climbing more than 200 percent in the coming weeks.
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