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May 2, 2021

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

By Daily Hodl Staff

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.

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“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.

“Accelerate.”

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.

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“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.”

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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
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ParabolStudio