Crypto Analyst Says New Bitcoin All-Time Highs Incoming, Updates Outlook on Ethereum
A widely followed crypto analyst says that Bitcoin (BTC) is on the verge of a massive breakout to fresh all-time highs.
In a new thread, pseudonymous crypto trader Kaleo tells his 704,300 followers on the social media platform X that Bitcoin will likely enter an uptrend and hit $116,000 by early next week after a pullback from the $110,000 level.
“Bitcoin: new all-time highs [Thursday].”
The analyst also says that Bitcoin may no longer adhere to its four-year cycle, an idea that the flagship crypto asset has a predictable pattern connected to its halving events, when BTC miners’ rewards are cut in half, which happen roughly every four years and tend to precede upward price movements.
“I believe this is…
