Top Crypto Analyst Flips Bullish on Dogecoin, Says Bitcoin Bull Market Not Over

A carefully followed expert anticipates a strong Dogecoin (DOGE) rise in the middle of the dominating bearish belief in the crypto markets.

The pseudonymous expert, called Kaleo, states that he sees the meme cryptocurrency escalating 200% from its present worth of $0.17 to $0.51.


“Appears like a strong area to punt a DOGE long.

Bouncing off [high timeframe] assistance, lots of benefit… tight/easy stops on the drawback.”

Source: Kaleo/Twitter

When It Comes To Bitcoin, the popular crypto strategist draws up short-term bullish and bearish circumstances for the biggest cryptocurrency. According to Kaleo, Bitcoin might bounce as soon as it strikes assistance at $30,000. In a bearish circumstance, nevertheless, Kaleo sees BTC stopping working to hold assistance at $30,000 and plunging to a brand-new 2021 low at $24,000.

“As HTF (high timeframe) bullish as I still am, I’ll switch on the Kaleo trader hat. Individuals continuously ask me what it would require to alter my predisposition… Generally, among the circumstances is choice #2 – cost retests diagonal, weak bounce, stop working second touch.”

Source: Kaleo/Twitter

Although Kaleo is thinking about the possibility of a stopped working Bitcoin bounce, he states that Bitcoin’s present market structure looks like the cost action of Apple (AAPL) in March 2020, when the tech huge recuperated from the panic triggered by the COVID-19 pandemic.

Amidst the unpredictability surrounding the biggest cryptocurrency, Kaleo states he anticipates Bitcoin to ultimately regain its bullish momentum.

“When once again I’m not trading this variety, I’m comfortable in area and sitting client. As a trader though it’s important to continuously challenge your predisposition and be gotten ready for any scenario….

The bull run isn’t over…”

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Disclaimer: Viewpoints revealed at The Daily Hodl are not financial investment guidance. Financiers ought to do their due diligence prior to making any high-risk financial investments in Bitcoin, cryptocurrency or digital properties. Please be recommended that your transfers and trades are at your own danger, and any loses you might sustain are your duty. The Daily Hodl does not advise the purchasing or selling of any cryptocurrencies or digital properties, nor is The Daily Hodl a financial investment consultant. Please keep in mind that The Daily Hodl takes part in affiliate marketing.

Included Image: Shutterstock/GrandeDuc

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