A widely followed cryptocurrency analyst and trader believes Bitcoin (BTC) is gearing up to reclaim its all-time highs in the $120,000 range.
The trader pseudonymously known as Kaleo tells his 717,200 followers on the social media platform X that Bitcoin is poised to have an explosive breakout after an ascending trendline retest.
“Support on the retest holding strong. Only a matter of time before we’re back to the highs. Slowly, then all at once.”
Source: Kaleo/X
The analyst also says that Bitcoin may be printing a historical bull market pattern of retracing to a key level before a massive move to the upside.
“Up only szn (season) is almost here. Each bull markets saw significant acceleration higher at inflection points tracing back to trendlines touching
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