Bitcoin News

Bitcoin Follows The Price Path Of A Surge Altcoin With Over 10,600%

A popular crypto trader makes prediction on Bitcoin (BTC) upcoming price.

Additionally, saying the spike will follow the pattern of one explosively successful altcoin.

Also, The popular trader known as Kaleo takes to his twitter to urge his 388,400 Twitter followers. More so, telling them to pack up BTC, while comparing Bitcoin’s chart to the smart contract platform Terra (LUNA).

“$LUNA vs. $BTC
Remember the big picture.
Stack more # Bitcoin.”
— K A L E O (@CryptoKaleo) September 28, 2021

Furthermore, Nearly 10,800% ia done on Terra’s native asset LUNA this past year. While, reaching an all-time high of $43.82 earlier this month. Currently, LUNA is trading at $35.18 at time of writing, via data from CoinGecko.

Also, Bitcoin is trading at $42,142 at time of writing, doing more than 10% decline in the past two weeks. More so, Kaleo see bitcoin still going to lose few levels before setting out to move up.

The analyst explains,

“If I had to guess,
“…I bet we see a quick dip down to 37 or so and run it back turbo from there.
A move down to $37K isn’t scary. You know what is scary, though?…
“…Selling slightly above that level to try to capture a few extra percentage points lower, only to miss your target,…
“…buy back higher and have less BTC than what you started with before the run up to $100K+.”

Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul

Conclusively, Kaleo is very bullish on the smart-contract platform Solana (SOL) same as bitcoin as in his tweets.

“$SOL is getting ready for another vertical leg higher”
— K A L E O (@CryptoKaleo) September 26, 2021

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.