Trader Says Bitcoin Primed To Begin ‘Vertical Acceleration’ After Breaking Out Above This Level, Updates Outlook on Ethereum, Dogecoin and Sui
A widely followed crypto analyst says that Bitcoin (BTC) may be on the verge of an explosive move to the upside. In a new thread, pseudonymous crypto trader Kaleo tells his 723,400 followers on X that Bitcoin is poised to break through a resistance trendline at around $130,000, which may send the flagship crypto asset soaring along with other digital assets. “Bottom looks like it’s in fellas. Look at the trend from the previous bull markets when price has come up against similar HTF (high timeframe) resistances. Vertical acceleration kicks off when this breaks out. This is where we see the risk-on trend kick off, with alts, NFTs (non-fungible tokens), etc. finally starting to send. It’s almost time. Be more bullish.” Source: Kaleo/X The analyst previously said that Bitcoin may be printing a historical bull market pattern of retracing to a key level before a massive move to the upside. “Up only szn (season) is almost here. Each bull...