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Crypto analyst Kaleo wrote on Twitter, banned in Russia, that, having overcome the downtrend that began in November 2022, the price of bitcoin will quickly rise to $ 30,000.
Based on the analyst’s predicted trajectory for Bitcoin on the 4-hour chart, he suggests that the flagship digital asset could soar above the $30,000 resistance level in February.
According to the expert, Bitcoin will outperform Ethereum (ETH) in the respective trading pair as the flagship crypto asset targets the $30,000 level.
As a result, Ethereum will fall by just over 30% to the level of 0.0510 BTC, which was last recorded in mid-2022.
Kaleo has no doubt that bitcoin will also easily outperform altcoins, as evidenced by the growing dominance of the largest digital asset by market cap.
Your favorite altcoins may be slowly rising in terms of USD price, but whether you realize it or not, most of them are dumping against Bitcoin and there is no sign that this trend will slow down anytime soon.
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