A widely followed crypto strategist is turning bullish on Bitcoin (BTC) as the flagship digital asset crosses the $59,000 level.

Pseudonymous analyst Kaleo tells his 647,500 followers on the social media platform X that Bitcoin could soon soar more than 9% of its current value within about a week.

“Higher soon in my opinion.”

Looking at the analyst’s chart, he suggests that Bitcoin has convincingly broken out of a descending trend line and could chop around the $58,000 to $60,000 range for a few days before breaking out to $65,000 by September 23rd.

Bitcoin is trading for $59,444 at time of writing, up more than 9% in the last seven days.

Next up, the analyst updates his outlook on the recently launched dog-themed altcoin Sundog (SUNDOG), a memecoin on the TRON (TRX) network.

He believes the token may have more upside potential, after soaring from $0.0439 on August 18th to $0.351 at time of writing – a gain of nearly 700%. The memecoin has a market cap of about $354 million.

“SUNDOG just had a $2 million degen buy and the chart looks like this. Last time I remember something like this happening on a major meme was before WIF started to really send out of its base range. Wouldn’t be surprised if [TRON founder] Justin [Sun] sends this to $1 billion plus to bring more attention to TRX for the culture.”

He suggests SUNDOG will soon break out of the $0.30 range.

“Still feel like anywhere in this $0.30 to $0.35 range is a solid place to be aping.”

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IM_VISUALS/Nikelser Kate

The post Analyst Says Bitcoin To Go ‘Higher Soon,’ Maps Path Forward for Memecoin That’s Up Nearly 700% in Under a Month appeared first on The Daily Hodl.

A widely followed crypto strategist is turning bullish on Bitcoin (BTC) as the flagship digital asset crosses the $59,000 level.

Pseudonymous analyst Kaleo tells his 647,500 followers on the social media platform X that Bitcoin could soon soar more than 9% of its current value within about a week.

“Higher soon in my opinion.”

Looking at the analyst’s chart, he suggests that Bitcoin has convincingly broken out of a descending trend line and could chop around the $58,000 to $60,000 range for a few days before breaking out to $65,000 by September 23rd.

Bitcoin is trading for $59,444 at time of writing, up more than 9% in the last seven days.

Next up, the analyst updates his outlook on the recently launched dog-themed altcoin Sundog (SUNDOG), a memecoin on the TRON (TRX) network.

He believes the token may have more upside potential, after soaring from $0.0439 on August 18th to $0.351 at time of writing – a gain of nearly 700%. The memecoin has a market cap of about $354 million.

“SUNDOG just had a $2 million degen buy and the chart looks like this. Last time I remember something like this happening on a major meme was before WIF started to really send out of its base range. Wouldn’t be surprised if [TRON founder] Justin [Sun] sends this to $1 billion plus to bring more attention to TRX for the culture.”

He suggests SUNDOG will soon break out of the $0.30 range.

“Still feel like anywhere in this $0.30 to $0.35 range is a solid place to be aping.”

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IM_VISUALS/Nikelser Kate

The post Analyst Says Bitcoin To Go ‘Higher Soon,’ Maps Path Forward for Memecoin That’s Up Nearly 700% in Under a Month appeared first on The Daily Hodl.