BTC Triggers Strong Bullish Flag, According To Crypto Trader

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A crypto analyst holds strong in his belief that BTC will not drop below $20k before it hits $40k.
The analyst is convinced that BTC is doing something very similar to what the crypto king did in 2019.
BTC is currently trading hands at $27,689.97 after a 1.98% price decrease.

A well-known crypto trader and analyst that goes by the name of KALEO took to Twitter earlier this morning to share his opinion about what the price of Bitcoin (BTC) could do in the near future. In this post, the analyst expressed his exasperation with the fact that some people are still convinced that the price of BTC will drop below $20k before it reaches $40k.

The analyst is convinced that BTC is doing something very similar to what the crypto king did in 2019. BTC “broke above the HTF log resistance” after which it just kept climbing higher during this time period.

In addition to this, BTC is currently in a similar time period of its halving cycle than it was in 2019. Many other crypto analysts commented on this post and while there are some people that disagree with the analyst’s opinion, there were many that agreed.