Heena Kousar
New member
As mentioned in the Coinpedia's article, it has been more than a month since the globe's first cryptocurrency, Bitcoin was floating between $19,000 and $20,000. While, today, the 26 October 2022, the flagship currency has finally reacquired the $20,000 price level. Currently, bitcoin is trading at $20,265 after a surge of 4.76% in the past 24 hours and a 4.99% increase in the last week.
At the same time, a nearly followed crypto trader and analyst declare that Bitcoin has already grounded and will see a bull run shortly. Kaleo, the analyst tries to inform his 53K+ Twitter follower that soon Bitcoin will start its bull run while the traders will lose an opportunity to purchase the dip under $20K. Kaleo targets March as the month when BTC will earn its huge price increase.
BTC Price At $35K soon!
As mentioned in the Coinpedia, the analyst utilizes inverted price charts to describe the variations among BTC's 2018 bottoming process and 2021 bottoming process. According to the analyst, both the processes are very similar which claims that the leading currency has bottomed and is extremely close to starting its bullish trend. In addition to this, the analyst is of the opinion that BTC has converted its downward resistance into support. In Coinpedia, it is also mentioned that the analyst talks about the connection between Bitcoin price and its halvings. Here havings is the process that decreases the currency's block rewards every four years while the next halving is expected on 2024. Kaleo believes that Bitcoin price is about to reclaim $35,000 in the upcoming four months.
At the same time, a nearly followed crypto trader and analyst declare that Bitcoin has already grounded and will see a bull run shortly. Kaleo, the analyst tries to inform his 53K+ Twitter follower that soon Bitcoin will start its bull run while the traders will lose an opportunity to purchase the dip under $20K. Kaleo targets March as the month when BTC will earn its huge price increase.
BTC Price At $35K soon!
As mentioned in the Coinpedia, the analyst utilizes inverted price charts to describe the variations among BTC's 2018 bottoming process and 2021 bottoming process. According to the analyst, both the processes are very similar which claims that the leading currency has bottomed and is extremely close to starting its bullish trend. In addition to this, the analyst is of the opinion that BTC has converted its downward resistance into support. In Coinpedia, it is also mentioned that the analyst talks about the connection between Bitcoin price and its halvings. Here havings is the process that decreases the currency's block rewards every four years while the next halving is expected on 2024. Kaleo believes that Bitcoin price is about to reclaim $35,000 in the upcoming four months.
