Popular crypto trader compares Bitcoin’s chart to Altcoin, which is up 12,000% in one year

A widespread pseudonymous cryptocurrency trader known as “Kaleo” on the microblogging platform Twitter has compared Bitcoin’s price chart with Terra (LUNA), suggesting that the top cryptocurrency will soon reach new highs could.

In a tweet, Kaleo compared the two charts and urged its 380,000+ followers on the platform to “remember the big picture” and “stack more Bitcoin” while suggesting that the cryptocurrency would rise for an extended period after a breakout would.

The price of Terra’s native LUNA token has skyrocketed in the past 12 months, from less than $ 1 earlier this year to the $ 40 mark this month before undergoing a correction where the price was said to be according to CryptoCompare data dropped to $ 37 at press time.

As reported by Daily Hodl, Kaleo noted that he expects a slight correction before the flagship cryptocurrency climbs to a new all-time high. In his words, he sees that it drops to 37,000 US dollars and “turbo runs again from there”.

He added that the decline in itself isn’t scary, but what about “selling something above that level to try and get a few extra percentage points lower only to miss your target of buying back higher and having less BTC.” than the one you started with ”. before the run. “

The widely respected pseudonymous analyst predicted that Bitcoin would cross the $ 100,000 mark. In particular, Bobby Lee, an industry veteran who founded the BTCC crypto exchange and is the brother of Litecoin creator Charlie Lee, recently said that the price of Bitcoin will “easily” surpass the $ 100,000 mark in a rally that will be held by the fear of missing out.

The views and opinions of the author or any other person mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in crypto assets carries the risk of financial loss.

Selected image via Unsplash

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