Top Trader Says Bitcoin Tracks Explosive Altcoin Price Path Which Has Raised More Than 10,600% In One Year

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A popular crypto-trader and analyst predicts that upcoming Bitcoin (BTC) price action will mirror the chart of an explosively successful altcoin.

The pseudonymous trader known as Kaleo asks his 388,400 Twitter followers to stack BTC and compares Bitcoin’s chart to the Terra smart contract platform (LUNA).

$ LUNA for $ BTC

Remember the big picture.

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

– KALEO (@CryptoKaleo) September 28, 2021

Terra’s native asset LUNA has jumped nearly 10,800% in the past year and hit an all-time high of $ 43.82 earlier this month. LUNA is trading at $ 35.18 at the time of writing, according to CoinGecko.

Bitcoin is trading at $ 42,142 at the time of writing, down more than 10% in the past two weeks. Kaleo believes the largest crypto asset by market cap will likely lose a little more ground before it takes off again.

The analyst explains,

“If I had to guess, I bet we’ll see a quick drop to around 37 and send it back to turbo from there.

A drop to $ 37,000 is not scary. You know what’s scary, though? Sell ​​slightly above this level to try and capture a few extra percentage points lower, only to miss your target, redeem higher, and have less BTC than what you started with before the race up to $ 100,000 +.

Kaleo is also bullish on the smart contract platform Solana (SOL).

$ SOL prepares for another higher vertical leg pic.twitter.com/wejqr4D9ZD

– KALEO (@CryptoKaleo) September 26, 2021

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Featured Image: Shutterstock / iurii

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