A widely followed crypto strategist is turning bullish on Bitcoin (BTC) as the flagship digital asset crosses the $59,000 level.
Pseudonymous analyst Kaleo tells his 647,500 followers on the social media platform X that Bitcoin could soon soar more than 9% of its current value within about a week.
“Higher soon in my opinion.”
Looking at the analyst’s chart, he suggests that Bitcoin has convincingly broken out of a descending trend line and could chop around the $58,000 to $60,000 range for a few days before breaking out to $65,000 by September 23rd.
Bitcoin is trading for $59,444 at time of writing, up more than 9% in the last seven days.
Next up, the analyst updates his outlook on the recently launched dog-themed altcoin Sundog (SUNDOG), a memecoin on the TRON (TRX) network.
He believes the token may have more upside potential, after soaring from $0.0439 on August 18th to $0.351 at time of writing – a gain of nearly 700%. The memecoin has a market cap of about $354 million.
“SUNDOG just had a $2 million degen buy and the chart looks like this. Last time I remember something like this happening on a major meme was before WIF started to really send out of its base range. Wouldn’t be surprised if [TRON founder] Justin [Sun] sends this to $1 billion plus to bring more attention to TRX for the culture.”
He suggests SUNDOG will soon break out of the $0.30 range.
“Still feel like anywhere in this $0.30 to $0.35 range is a solid place to be aping.”
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The post Analyst Says Bitcoin To Go ‘Higher Soon,’ Maps Path Forward for Memecoin That’s Up Nearly 700% in Under a Month appeared first on The Daily Hodl.