A popular crypto analyst is predicting a huge price jump for Bitcoin, but says it might dip first.
Bitcoin on the Verge of a Big Run
According to Kaleo, a well-known crypto trader, Bitcoin could be on the verge of a massive price surge. He’s basing this on historical patterns, pointing out that Bitcoin has seen major price increases in the years following previous “halving events,” when the reward for miners is cut in half.
Kaleo believes that Bitcoin’s current price action looks similar to the periods before those past price rallies. He expects a big run, but warns that Bitcoin could dip to around $40,000 before taking off.
Don’t Get Distracted by Short-Term Fluctuations
Even though a dip is possible, Kaleo says it shouldn’t distract investors from the bigger picture. He believes the real “fun” for this bull market hasn’t even started yet.
Ethereum Also Expected to Rise
Kaleo is also predicting a price jump for Ethereum. He expects it to dip to around $2,400 before surging to $4,600.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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