Bitcoin Price To Surge 65% In Q2-2023
Kaleo, a well-known crypto analyst, and the trader is bullish on Bitcoin (BTC).
As Bitcoin is attempting to break its $25,000 resistance level, Kaleo believes it is eyeing the $40,000 price level.
He predicts that Bitcoin could rally to above $40,000 over the next several months.
According Kaleo earlier BTC Price could reach a price level within $30,000 to $40,000s between April and July of 2023.
Following the rally, Bitcoin would retrace to the mid $20,000s heading into 2024.
Bitcoin would then kick off a bull run that would culminate in a new all-time high by late 2024 or early 2025.
Kaleo also believes that Bitcoin dominance is on an upward trajectory and he will only consider altcoins once the dominance level is above 50%.