A popular crypto analyst, known by crypto investors for many years, shared his latest market update. He focused on three cryptocurrencies and pointed out important levels. On the other hand, while this article was being prepared, the price of BTC was repeating a movement similar to its previous rise before the recent fall. If the price surprises, it could confirm $27,000 as a support.
Uptober Has Come for Cryptocurrencies
October is usually referred to as “Uptober” instead of “October” by investors because historically it is known for hosting rises. A few minutes ago, Kaleo made a post stating that Uptober has started. The recent rise occurred amidst expectations of ETH ETF approvals. The recovery continues as it is not expected that the Fed chairman who will speak in about 2-3 hours will make any statements about the economy.
On Friday, we will say goodbye to September after the personal consumption data. If the closing is close to these levels (above 26,000-26,100), it will mark the first green September since 2016. Then, October, famous for its double-digit rallies, will begin.
Since the next Fed meeting will be on November 1, there is not much expected to shake the markets apart from the macro data throughout the month. So, we will be expecting good news in an environment suitable for a rise.
Crypto Expert’s Comment
Kaleo said that Pepe could reclaim its recent gains and drop by more than 16% from its current value. For now, Pepe Coin is maintaining the level of $0.00000071 with the support of BTC’s rise. Most of the management has emptied the treasury and fled, so the PEPE Coin price has lost a zero per unit.
According to the analyst’s chart, it could visit the $0.00000061 region.
Kaleo also says that Bitcoin (BTC) continues its upward trend, but he predicts price fluctuations until a convincing bull market next year.
“Accumulate heavily on the dips.
Everything over the next six months is just noise to shake you until the real fun starts in 2024/2025.”
He also said that the lowest levels of 2023 could be retested for SOL Coin.
