Analyst Says Bitcoin To Go ‘Higher Soon,’ Maps Path Forward for Memecoin That’s Up Nearly 700% in Under a Month

A extensively adopted crypto strategist is popping bullish on Bitcoin (BTC) because the main digital asset breaches the $59,000 degree.

Pseudonymous analyst Kaleo tells his 647,500 followers on the social media platform

“Greater quickly in my view.”

Trying on the analyst’s chart, he means that Bitcoin has convincingly damaged out of a downtrend line and will hover round $58,000 to $60,000 for a number of days earlier than breaking by means of to $65,000 on September 23.

Bitcoin is buying and selling at $59,444 on the time of writing, up greater than 9% up to now seven days.

The analyst then updates his view on the lately launched dog-themed altcoin Sundog (SUNDOG), a memecoin on the TRON (TRX) community.

He believes The token might have extra upside potential, after rising from $0.0439 on August 18 to $0.351 on the time of writing – a acquire of just about 700%. The memecoin has a market capitalization of roughly $354 million.

“SUNDOG simply had a $2 million epee purchase and the chart appears like this. The final time I bear in mind one thing like this taking place in a significant meme was earlier than WIF actually began transmitting out of its primary vary. Would not be stunned if [TRON founder] Justin [Sun] drives this to $1 billion plus to convey extra consideration to TRX for the tradition.”

He suggests SUNDOG will quickly escape of the $0.30 vary.

“I nonetheless really feel like someplace on this vary of $0.30 to $0.35 is a stable place to monkey round.”

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Featured picture: Shutterstock/IM_VISUALS/Nikelser Kate