A well-liked crypto dealer and analyst is predicting Bitcoin’s (BTC) upcoming worth motion will mirror the chart of 1 explosively profitable altcoin.
The pseudonymous dealer referred to as Kaleo tells his 388,400 Twitter followers to stack BTC and compares Bitcoin’s chart to the sensible contract platform Terra (LUNA).
Keep in mind the large image.
Stack extra #Bitcoin. pic.twitter.com/NF9Ct4U4rR
— Okay A L E O (@CryptoKaleo) September 28, 2021
Terra’s native asset LUNA has surged by almost 10,800% up to now 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, in line with CoinGecko.
Bitcoin is buying and selling at $42,142 at time of writing, down greater than 10% up to now two weeks. Kaleo thinks the biggest crypto asset by market cap will doubtless lose a bit extra floor earlier than taking off once more.
The analyst explains,
“If I needed to guess, I wager we see a fast dip all the way down to 37 or so and run it again turbo from there.
A transfer all the way down to $37K isn’t scary. what is frightening, although? Promoting barely above that degree to attempt to seize just a few additional proportion factors decrease, solely to overlook your goal, purchase again larger 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).
$SOL is preparing for one more vertical leg larger pic.twitter.com/wejqr4D9ZD
— Okay A L E O (@CryptoKaleo) September 26, 2021
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