The post Here Is Where Bitcoin Price Will Hit In The Next Six Months, Per Analyst appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
A well-known crypto analyst is revealing what he believes is Bitcoin’s (BTC) most likely future in the next few months.
Kaleo, a pseudonymous analyst, informs his 512,500 Followers on Twitter that he expects Bitcoin’s support of roughly $28,000 will hold until September. This will happen when Bitcoin will be broken and the price will fall all the way to $20,000.
Kaleo asserts that he is a simple modest man whose ambitions are simple too….. Yet he expects anything like this to happen in the next six to nine months
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2022/06/here-is-where-bitcoin-price-will-hit-in-the-next-six-months-per-analystefbfbc.png)
Optimistic On Bitcoin
Even though the crypto researcher is bearish on Bitcoin in the short term, he feels it is due for a rally within the near future.
He goes on to comment that “It won’t be just as vertical as the blue lines above or the arrow below, but I don’t think it’ll be too far off.” Again, I’m not betting on a turnaround that leads to a new bullish trend. I’m looking at this as an optimistic range swing.”
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2022/06/here-is-where-bitcoin-price-will-hit-in-the-next-six-months-per-analystefbfbc-1.png)
The crypto expert is also revealing his projected BTC recovery rally targets.
While talking about Bitcoin, the strategist quotes”The first level to keep an eye on is a revisit of the lower high timeframe diagonal [resistance] at roughly $36,000. I foresee some resistance there, and I’m looking for a push to the higher diagonal [resistance] in the upper $30,000/low $40,000 range, effectively wiping the negative LUNA price action (for the time being).”
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2022/06/here-is-where-bitcoin-price-will-hit-in-the-next-six-months-per-analystefbfbc-2.png)
At the time of reporting, Bitcoin is changing hands at $30,262 with a down of 0.96% in the last 24hrs.
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