The pseudonymous crypto analyst Kaleo tells his 449,800 Twitter followers that BTC’s price action in recent months mirrors 2020, where an accumulation phase was followed by “rapid price appreciation to new all-time highs.”
“Up only [season] is here.”
At time of writing, BTC is down 2% on the day to $57,618.
Moving on to leading smart contract platform Ethereum, Kaleo has been eyeing the ETH/BTC trading pair over the past week. Seven days ago, he first said,
“It’s only a matter of time before ETH/BTC breaks out of its current range.
Once it clears 0.8, it should have a clear path to extend to 0.12-0.15.”
Kaleo posts an updated chart in reply to his original tweet and says ETH has begun its next move up.
“The breakout has commenced.
WAGMI [We’re all gonna make it].”
The trader has also been eyeing the Terra protocol, whose native token LUNA underpins a suite of decentralized stablecoins.
He thinks the 13th-ranked crypto is primed to rip up toward the $100 range.
“Everyone is ready for $100 LUNA, right? …
Shouldn’t take too long from here.”
LUNA is up nearly 10% on the day at time of writing, trading for $57.43.
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