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Bitcoin Massive Rally Is Around The Corner, New Reports Say

There are all kinds of optimistic predicitons about the price of Bitcoin these days, and the latest one can be seen below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $22,284.

Bitcoin optimistic prediction is out

A popular crypto strategist is predicting a surge in price of Bitcoin (BTC). He is mapping out BTC’s possible trading range over the next few months.

Pseudonymous analyst Kaleo said not too long ago that a strong Bitcoin rally is imminent.

As the online publication the Daily Hodl notes, Kaleo’s chart predicts a huge Bitcoin bounce to around $28,000 in the short term prior to another leg down below $20,000, which would then be followed by a grind up to $30,000.

The crypto strategist says that this ranging environment is the “most likely” scenario for Bitcoin in the coming months.

“I still believe the most likely outcome is a range between $20,000 [and] $30,000 through at least the next several months, so while a bounce from here might take us to around $30,000, I don’t see it as anything to get over-excited about quite yet.”

Kaleo also made sure to highlight the fact that even if BTC bulls are able to ignite a relief rally.

Nicholas Merten addresses BTC rally

The other day, we also revealed that the important crypto analyst Nicholas Merten also talked about a BTC rally.

In a new strategy session, Nicholas Merten said that more people are now willing to buy Bitcoin as sellers of the flagship digital asset have been forced out of the market.

“We do believe that an extended bear market could still play out.”

He also said the following:

“We [also] do believe in the reality that there is likely going to be a relief rally in the market like there has been in the past, and it simply has to do with the fact that a lot of sellers have been forced out of the market.”

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