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HomeBitcoinAnalyst Says Bitcoin (BTC) Will See 400% Breakout. Here’s the Timeline

Analyst Says Bitcoin (BTC) Will See 400% Breakout. Here’s the Timeline

Kaleo, a popular crypto analyst and trader, has stated that Bitcoin (BTC), the largest crypto by market cap, will see about a 400% breakout, but thinks the digital asset may not revisit its price all-time high within the next two years.

According to the pseudonymous trader, Bitcoin will trade in a sideways range for at least two years before exploding to a new all-time high. This price breakout will possibly take place after the early-2024 halving.

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Kaleo said Bitcoin (BTC) will possibly range between $16,000 and $30,000 before seeing a major breakout.

Kaleo noted:

“Most likely path from here is seeing a base range between $16,000 – $30,000 established, that eventually resolves around December when price finally breaks above high time-frame diagonal resistance.

“Expecting a few months of rapid, overhyped growth in early 2023 which does not result in a new all-time high. Capping out somewhere in the $50,000 makes more sense, but this growth should have an associated mini altcoin season.

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“Next 18 months or so through the next halving in March of 2024 defined by a crab market staying above high time-frame logarithmic support.

“While Bitcoin remains in a crab market, new altcoin narratives start to spring up and the NFT market starts to pick up steam…

“Late 2024 / early 2025 we finally see a new Bitcoin all-time high and six-figure BTC.


“I want to clarify – I think BTC *does* go higher than what this chart shows (~$110,000), but even if that’s all we see… that’s still a 5x+ from current prices in less than two and a half years. That’s not bad at all. Might even be just enough to outpace inflation.”

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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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