A preferred crypto dealer and analyst is predicting Bitcoin’s (BTC) upcoming worth motion will mirror the chart of 1 explosively profitable altcoin.
The pseudonymous dealer often called Kaleo tells his 388,400 Twitter followers to stack BTC and compares Bitcoin’s chart to the sensible contract platform Terra (LUNA).
Bear in mind the massive image.
— Ok A L E O (@CryptoKaleo) September 28, 2021
Terra’s native asset LUNA has surged by almost 10,800% previously 12 months, and reached its all-time excessive of $43.82 earlier this month. LUNA is buying and selling at $35.18 at time of writing, based on CoinGecko.
Bitcoin is buying and selling at $42,142 at time of writing, down greater than 10% previously two weeks. Kaleo thinks the biggest crypto asset by market cap will possible lose a bit extra floor earlier than taking off once more.
The analyst explains,
“If I needed to guess, I guess we see a fast dip right down to 37 or so and run it again turbo from there.
A transfer right down to $37K isn’t scary. what is frightening, although? Promoting barely above that stage to attempt to seize a couple of further share factors decrease, solely to overlook your goal, purchase again greater and have much less BTC than what you began with earlier than the run as much as $100K+.”
Kaleo can be bullish on the smart-contract platform Solana (SOL).
— Ok A L E O (@CryptoKaleo) September 26, 2021
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