Crypto Trader Still Sees Bitcoin's Next Target at $40,000

Popular crypto trader Kaleo (@CryptoKaleo) tweeted (the company is recognized as extremist and bannedon Russian territory), which is still optimistic aboutthe leader of the bitcoin (BTC) crypto market. Judging by his message, nothing has changed in the position of the cryptocurrency, and the next target for BTC is the $40,000 mark.

According to CoinGecko, in the last 24 hours the priceBTC rose 5.1%. Despite the daily increase, the weekly dynamics are barely positive - 0.2%. Currently, the leading cryptocurrency by market capitalization is trading at $28,330.

BTC also made it onto CoinMarketCap's trending list and took second place, propped up by Arbitrum (ARB) at the bottom and XRP at the top. Interestingly, over the past day, BTC dominance has decreased by 0.02% to 44.6%.

BTC/USDT daily chart (Source: TradingView)

Last week the price of BTC dropped belowpositive trendline, and has since consolidated between $26,617 and $28,138. A close above the 9-day EMA today would likely serve as a bullish signal for BTC.

If BTC price manages to break and close above the $28,138 resistance level over the next 24 hours, then it is likely to move towards the next resistance level around $28,318.

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