{"id":517134,"date":"2023-01-23T12:00:29","date_gmt":"2023-01-23T17:00:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=517134"},"modified":"2024-06-11T08:07:42","modified_gmt":"2024-06-11T08:07:42","slug":"bitcoin-price-could-see-30-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-could-see-30-rally\/","title":{"rendered":"Crypto Analyst Says Bitcoin Price Could See Another 30% Rally"},"content":{"rendered":"

Bitcoin price has already had a good week. The digital asset already rallied to two-month highs above $23,000 and is still maintaining a good portion of its bullish momentum. Despite this already impressive growth over the last few weeks, a crypto analyst known on Twitter as Kaleo is not convinced that the best of the mini-bull run has passed.<\/p>\n

Crypto Analyst Says Another 30% Rally Is Possible<\/h2>\n

Analyst @CryptoKaleo took to Twitter to share his thoughts on the current bull rally<\/a>. According to him, the bitcoin rally might not be over despite the price drawdown that was recorded on Sunday. Even though the digital asset has now lost about $1,000 off its local peak, Kaleo revealed that there is still room for another 30% rally.<\/p>\n

Related Reading: Bullish Indicator: Bitcoin Shakes Off Genesis Bankruptcy Filing<\/a><\/div>\n

In the chart shared by the analyst, he shows a possible path that could lead bitcoin back to the $30,000 level. Kaleo refers to the $30,000 price level as a \u201cmagnet\u201d for the digital asset. And if his analysis were to prove through, then BTC would be looking at an over 30% rally from its current price point.<\/p>\n

\"Bitcoin<\/p>\n

BTC could rally to $30,000 | Source: Twitter<\/a><\/pre>\n
This bounce is expected to happen sometime between now and the beginning of February going by the timeline on this chart. However, there are possible drawdowns along the way going to this analysis but the endpoint remains right above $30,000 for the digital asset.<\/p>\n
Can The Bitcoin Price Rally This High?<\/h2>\n
The kind of momentum that has been recorded in the bitcoin price in the past two weeks can serve as a basis for what is possible for the cryptocurrency. If it were to continue, then the possibility of BTC reaching $30,000 over the next two weeks grows exponentially. However, that may not be the case.<\/p>\n
\"Bitcoin<\/p>\n
BTC price holding steady above $22,800 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
As of Monday, the price of BTC is already feeling the heat in the market with Sunday\u2019s slowdown. Bitcoin\u2019s trading volume is down over 10%, although there has been some recovery in this regard. Essentially, this trading volume would need to see an uptick if BTC is to continue on its bull rally.<\/p>\n
Related Reading: Bitcoin Might Fall Below $20,000 Before Bull Rally Resumes, Analyst Says<\/a><\/div>\n
A good thing now is that bitcoin has been able to clear its 200-day moving average, one of the last important indicators to signal an established bull trend. But it remains to be seen how this will go over for the digital asset as the markets usher in another trading week.<\/p>\n
BTC is trending at $22,900 at the time of this writing. The cryptocurrency is seeing meager gains in the last days at 0.11% but is doing better in a 7-day period with 9.91% gains.<\/p>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Finbold, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price has already had a good week. The digital asset already rallied to two-month highs above $23,000 and is still maintaining a good portion of its bullish momentum. Despite this already impressive growth over the last few weeks, a crypto analyst known on Twitter as Kaleo is not convinced that the best of the mini-bull run has passed. Crypto Analyst Says Another 30% Rally Is Possible Analyst @CryptoKaleo took to Twitter to share his thoughts on the current bull rally. According to him, the bitcoin rally might not be over despite the price drawdown that was recorded on Sunday. Even though the digital asset has now lost about $1,000 off its local peak, Kaleo revealed that there is still room for another 30% rally. Related Reading: Bullish Indicator: Bitcoin Shakes Off Genesis Bankruptcy Filing In the chart shared by the analyst, he shows a possible path that could lead bitcoin back to the $30,000 level. Kaleo refers to the $30,000 price level as a \u201cmagnet\u201d for the digital asset. And if his analysis were to prove through, then BTC would be looking at an over 30% rally from its current price point. BTC could rally to $30,000 | Source: Twitter This bounce is expected to happen sometime between now and the beginning of February going by the timeline on this chart. However, there are possible drawdowns along the way going to this analysis but the endpoint remains right above $30,000 for the digital asset. Can The Bitcoin Price Rally This High? The kind of momentum that has been recorded in the bitcoin price in the past two weeks can serve as a basis for what is possible for the cryptocurrency. If it were to continue, then the possibility of BTC reaching $30,000 over the next two weeks grows exponentially. However, that may not be the case. BTC price holding steady above $22,800 | Source: BTCUSD on TradingView.com As of Monday, the price of BTC is already feeling the heat in the market with Sunday\u2019s slowdown. Bitcoin\u2019s trading volume is down over 10%, although there has been some recovery in this regard. Essentially, this trading volume would need to see an uptick if BTC is to continue on its bull rally. Related Reading: Bitcoin Might Fall Below $20,000 Before Bull Rally Resumes, Analyst Says A good thing now is that bitcoin has been able to clear its 200-day moving average, one of the last important indicators to signal an established bull trend. But it remains to be seen how this will go over for the digital asset as the markets usher in another trading week. BTC is trending at $22,900 at the time of this writing. The cryptocurrency is seeing meager gains in the last days at 0.11% but is doing better in a 7-day period with 9.91% gains. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Finbold, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":517137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1144,78790,26263],"class_list":["post-517134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto-analyst"],"acf":[],"yoast_head":"\nCrypto Analyst Says Bitcoin Price Could See Another 30% Rally<\/title>\n<meta name=\"description\" content=\"Bitcoin price has already had a good week. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Says Bitcoin Price Could See Another 30% Rally","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-could-see-30-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-could-see-30-rally\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/bitcoin-bull.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/bitcoin-bull.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btcusd","btcusdt","crypto analyst"],"dateCreated":"2023-01-23T17:00:29Z","datePublished":"2023-01-23T17:00:29Z","dateModified":"2024-06-11T08:07:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Says Bitcoin Price Could See Another 30% Rally\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-could-see-30-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-could-see-30-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/bitcoin-bull.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/bitcoin-bull.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto analyst\"],\"dateCreated\":\"2023-01-23T17:00:29Z\",\"datePublished\":\"2023-01-23T17:00:29Z\",\"dateModified\":\"2024-06-11T08:07:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/bitcoin-bull.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/517134"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=517134"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/517134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/517137"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=517134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=517134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=517134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}