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

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

by oof_pj
September 30, 2021
in Altcoins
0


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 known as Kaleo tells his 388,400 Twitter followers to stack BTC and compares Bitcoin’s chart to the good contract platform Terra (LUNA).

 

$LUNA vs. $BTC

Keep in mind the large image.

Stack extra #Bitcoin. pic.twitter.com/NF9Ct4U4rR

— Ok A L E O (@CryptoKaleo) September 28, 2021

Terra’s native asset LUNA has surged by practically 10,800% prior to now 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% prior to now 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 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 further share 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 also be bullish on the smart-contract platform Solana (SOL).

$SOL is preparing for an additional vertical leg larger pic.twitter.com/wejqr4D9ZD

— Ok A L E O (@CryptoKaleo) September 26, 2021

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