New Bitcoin 2023 High Incoming Predicts Economist and Trader Alex Krüger – Here is the timeline
Economist and crypto trader Alex Krüger is bullish on Bitcoin (BTC) and predicts a new yearly high as more U.S. banks falter.
Krueger tells his 153,500 Twitter followers that he believes BTC will hit a new 2023 high in May.
“New BTC highs are coming in May. I hope you’re ready for it.”
The crypto trader also says Bitcoin is showing strength against collapsing US regional banks.
“Yearly highs.
People [are] too bearish.
Small banks rect (destroyed).
A negative correlation with bank paper is no coincidence.”
Another popular analyst is also bullish on Bitcoin this month.
Pseudonymous crypto strategist Kaleo tells his 583,800 Twitter followers that he predicts Bitcoin will surpass $40,000 in the near future.
Kaleo believes BTC’s chart versus the S&P 500 Index (SPX) suggests Bitcoin will continue its uptrend after breaking out of diagonal resistance.
The trader predicts the value of BTC against the SPX to surge to levels last seen a year ago.
“Bitcoin vs. SPX: If we look at the BTC/SPX ratio, we still haven’t even surpassed the 2017 ATH (all-time high). As BTC continues to strengthen as it proves a safe haven from bank fears, a return to the May 2022 collapse levels feels quite intuitive. That would be ~$40,000.”
Source: Crypto Kaleo/Twitter
Kaleo also says that if BTC surpasses the key $30,000 level, the king crypto is likely to rally by next week to the upper HTF (High Time Frame) diagonal trendline formed with a breakout in February, taking it into the 33,000s $ to $ 34,000 range.
Source: Crypto Kaleo/Twitter
At the time of writing, Bitcoin is trading at $28,890, up 2.2% over the past 24 hours.
Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
Check the price action
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check the latest headlines
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Halfway
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.