A widely-followed trader and crypto analyst believes Bitcoin will ascend to a new high of $100,000 sooner than most investors think.
The pseudonymous trader Kaleo tells his 76,500 followers that the correction across the crypto markets is likely over.
“Sale ends today. Buy more now…
Good morning and happy Monday. Bitcoin higher. Alts higher. Stonks higher. Bears trembling.”
With the correction out of the way, Kaleo says BTC is poised to begin a fresh rally that will catapult the leading cryptocurrency to gains of over 100% in the coming months.
“Bitcoin/BTC Send it to $100,000.”
According to the crypto trader, he used Bitcoin’s price action during the 2017 bull market and overlaid it on BTC’s current rally. Based on Kaleo’s chart, the leading cryptocurrency could hit $100,000 in April.
The crypto analyst is also looking at two altcoins that he believes have strong bullish potential.
The top token on Kaleo’s radar is decentralized exchange SushiSwap (SUSHI). Kaleo believes SUSHI is gearing up for a move above $30 as it follows Uniswap’s (UNI) footsteps.
— K A L E O (@CryptoKaleo) February 27, 2021
The second coin on Kaleo’s list is blockchain gaming platform Enjin Coin (ENJ), which he says is a buy on dips as he expects it to soar in the coming days.
“Expecting a day or two of accumulation in the 70 to 80 cents range before making the move to $1.00+.”
The crypto strategist highlights that his rosy outlook on the ENJ is also rooted in its strong fundamentals.
“Another reason why I’m so bullish on ENJ is their involvement in the gaming NFT space, which is a market with huge growth potential going forward. Relative to other names in this space, ENJ has been relatively quiet so far.”
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