After six weeks of losses, the popular crypto strategist says the end of the Bitcoin (BTC) correction is finally on the horizon.
Alias Cryptocurrency Analyst Calleo inform 486,100 Twitter followers don’t believe Bitcoin’s downtrend will end at $30,000.
“Then what will happen next? They’ll get used to $30,000 just as they’re used to $40,000. They will sell you for a dream of $40,000 just as you were sold for a dream of $50,000. We’ll probably get close to the bounce… the surrender will come all out. Bitcoin will once again be declared dead.”
At the end of April, when Bitcoin was still trading over $40,000, Calleo prediction The bear will raise the best digital asset to $28,000. A month later, the crypto strategist says his roadmap is still valid.
“Bitcoin/BTC. There was a lot of hatred throughout this thread, but somehow we almost made it.”
As Bitcoin is now trading close to its downside target, Calleo predicts that BTC will bottom out in a few days.
“We received six weekly red candles in a row. This week is the seventh. Seven is the number of perfection. The bottom comes out this week. If you had to guess $28,000/$29,000.”
At the time of writing, Bitcoin is trading at $31,046.
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Disclaimer: Opinions expressed in the Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Daily Hodl is involved in affiliate marketing.
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