• Bitcoin has had an impressive rally over the last few weeks, with the price reaching two-month highs above $23,000.
• Crypto analyst @CryptoKaleo believes that there is still room for another 30% rally, with the potential for bitcoin to reach $30,000.
• He believes that this rally could happen between now and the beginning of February, with possible drawdowns along the way.
The past few weeks have seen an impressive rally for the price of Bitcoin, with the digital asset rising to two-month highs above $23,000. This bullish momentum has been maintained despite the price drawdown that was seen on Sunday, indicating that perhaps the best of the mini-bull run is yet to come.
This sentiment is shared by crypto analyst @CryptoKaleo, who took to Twitter to share his thoughts on the current Bitcoin rally. According to Kaleo, there is still room for another 30% rally, with the potential for Bitcoin to reach the $30,000 level. He refers to this price level as a “magnet” for the digital asset, and believes that this rally could happen between now and the beginning of February. Furthermore, he notes that there are likely to be drawdowns along the way, as is to be expected in any bull market.
The past few weeks’ performance of Bitcoin has certainly been impressive, and it looks as though the digital asset could still have more upside potential. If Kaleo’s analysis proves to be correct, then the Bitcoin price could be in for an even more impressive rally over the next few weeks. Of course, it is important to take any analysis with a grain of salt, and investors should always do their own research before making any investment decisions. Nonetheless, the possibility of a 30% rally for Bitcoin is certainly an exciting prospect, and one that could help to further propel the digital asset to new heights.