Famous Whale Announced Time To Sell Bitcoin!
The famous whale announced the time to sell Bitcoin! Kaleo expects Bitcoin to grow more than 520 percent towards the end of the year.
Famous cryptocurrency analyst and whale Kaleo said that he plans to sell his
Bitcoins when Bitcoin reaches a certain level, while also sharing important predictions about Bitcoin price.
Bitcoin May Grow 520 Percent by the End of the Year
The famous whale had a large following thanks to its good predictions. Addressing his 329,900 followers on Twitter, Kaleo said that Bitcoin will grow more than 520 percent from its current value by the end of the year. Kaleo added:
"I still think it will be a top with a good wick in the $185,000-215,000 region. But my goal is not to break the top."
Pointed to a Time for BTC Sale
Amid the mega-bullish outlook for the leading cryptocurrency, Kaleo announced that he will start selling his coins once Bitcoin drops below its price target. Kaleo said:
“Basically, my game plan is to go extreme bullish until BTC goes above $150,000. I'll start out from there and go uber bearish once it drops below $150,000."
The analyst claims that BTC is associated with the tech industry, although sentiment is largely bearish as the Bitcoin price moves sideways between $30,000 and $40,000. Comparing the Bitcoin price to the NASDAQ 100, the analyst predicts that the leading crypto will eventually catch up with the rapid expansion of the tech industry over the past two months.
Kaleo says:
"BTC vs Technology. Most of you will be too lazy to read this, but I think you'll find some useful data for those who haven't. Notice the two red boxes."
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Source: Kaleo/Twitter[/caption]
According to Kaleo's chart, the tech industry has been a reliable sign of Bitcoin's future price action since the coronavirus-related sell-off in March 2020. Besides, the famous whale thinks that Bitcoin will leave the technology industry significantly behind in the next leg of the bull run. Experienced whale says:
“When they realize that the market is spiraling out of control (aka the tech bubble 2.0 narrative)… Bitcoin will catch up with technology and once again surpass it at the height of madness.”