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A popular crypto analyst who continues to build his following with timely altcoin calls says that relief rallies are approaching for Bitcoin (BTC), Ethereum (ETH) and an additional large-cap crypto asset.

The pseudonymous analyst known as Kaleo tells his 509,000 Twitter followers that Bitcoin is currently being greatly affected by sell-pressure in the equities markets.

Kaleo says that he expects Bitcoin to continue trading sideways before shooting out of its range to about the $38,000 level, roughly a 20% rally from current prices.

Doesnt look nearly as crazy anymore as it did at $29,000.

At time of writing, Bitcoin is changing hands at $30,550.

Kaleo also sees Ethereum embarking on a relief rally in the coming weeks and reveals his price target for ETH as well. According to the crypto analyst, he believes ETH is poised to pull off a 26% rally in the short term.

$2,600 ETH makes sense.

ETH is currently trading at $2,057.

The veteran crypto trader also has his radar on Binance Coin (BNB), the utility token that powers crypto exchange Binance.

Kaleo says that the Binance Coin/Bitcoin pair (BNB/BTC) is gearing up to print a new all-time high in the coming months.

BNB/BTC looks like it wants to make an all-time high later this summer.

Pretty impressive strength in a down market.

At time of writing, Binance Coin (BNB) is valued at $316 and is the fifth largest crypto asset by market cap.

Featured Image: Shutterstock/Tithi Luadthong

Link:
Top Analyst Predicts Relief Rallies in Bitcoin (BTC), Ethereum (ETH) and One More Large-Cap Altcoin - The Daily Hodl