A prominent cryptocurrency analyst is adopting a bullish stance on Bitcoin (BTC) as the leading digital currency surpasses the $59,000 threshold.
The pseudonymous analyst Kaleo informs his 647,500 followers on the platform X that Bitcoin could potentially rise over 9% from its current value within the next week.
“I expect higher prices soon.”
According to the analyst’s chart, Bitcoin has definitively broken above a descending trend line and may fluctuate between the $58,000 to $60,000 range for several days before reaching $65,000 by September 23rd.
At the time of writing, Bitcoin is trading at $59,444, having increased by over 9% in the past week.
The analyst also shares updates on the newly released dog-themed altcoin Sundog (SUNDOG), a memecoin operating on the TRON (TRX) network.
He believes the token still holds significant upside potential, as it has surged from $0.0439 on August 18th to $0.351 at present—a remarkable gain of nearly 700%. The memecoin boasts a market cap of approximately $354 million.
“SUNDOG just experienced a $2 million degen buy, and the chart looks promising. I recall the last time something like this occurred for a major meme was just before WIF began to soar from its baseline. It wouldn’t surprise me if [TRON founder] Justin [Sun] pushes this to over $1 billion to attract more interest to TRX within the community.”
He suggests that SUNDOG will likely break out of the $0.30 price range.
“I still believe that any position in the $0.30 to $0.35 range is a great opportunity for entry.”
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Featured Image: Shutterstock/IM_VISUALS/Nikelser Kate
