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Bitcoin Primed for New All-Time High as Two Emerging Altcoins Breakout, Says Top Crypto Trader

source-logo  dailyhodl.com 02 May 2021 22:17, UTC

Pseudonymous crypto trader Kaleo says Bitcoin is ready to climb higher while two large cap altcoins prepare for a renewed breakout.

In a series of tweets this week, Kaleo tells his 245,000 followers that despite Bitcoin’s recent shaky price action, it now appears to be on the verge of making a major move upward, expecting the asset to return above $60,000 this weekend.

“Expecting another leg up sometime soon. I really wouldn’t be surprised if BTC continues to grind higher to $60,000+ this weekend for a CME gap up Sunday.”

Source: Kaleo

Another chart Kaleo shares shows the king coin reaching $67,000 by the end of this week.


Source: Kaleo

Kaleo is also keeping an eye on blockchain network Terra (LUNA). The trader notes that LUNA is bullish against Bitcoin (LUNA/BTC) and has been buying the dips in the pair.

“The entire ladder up to the all-time high in March was defined by impulse moves up, followed by slower bleeds down, repeat. It’s been profitable to buy red, so I like this as an entry opportunity.”

Kaleo believes LUNA is set to increase nearly 40% versus BTC in the next few days from its current value of 0.00029 to 0.0004.

“LUNA/BTC basically looking for this.”

Source: Kaleo

Kaleo is also bullish on LUNA/USD, remarking that the pair is likely in a renewed accumulation phase, through which he will continue to hold the asset.

“I’m holding. I still see accumulation after a breakout that should send for the next leg up soon enough. Patience pays.”

The trader adds that LUNA may soon print gains of nearly 20% from its current value of $16.75.

“LUNA. Send it to $20.”

Source: Kaleo

Kaleo also tweets that the governance token for PancakeSwap, CAKE, is likely to jump over 30% in the near term from a price of $38.31 at time of writing.

“CAKE is such a machine. $50 is imminent.”

Source: Kaleo