Top Trader Says Bitcoin Following Price Path of Explosive Altcoin That Rose Over 10,600% in One Year

A preferred crypto dealer and analyst is predicting Bitcoin’s (BTC) upcoming worth motion will mirror the chart of one 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 good contract platform Terra (LUNA).

 

Terra’s native asset LUNA has surged by almost 10,800% in the previous yr, 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% in the previous two weeks. Kaleo thinks the biggest crypto asset by market cap will seemingly 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. You already know what is frightening, although? Promoting barely above that stage to attempt to seize a number of additional proportion 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 also be bullish on the smart-contract platform Solana (SOL).

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