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Bitcoin, Terra (LUNA) and One More Altcoin Set for Rallies, According to Crypto Analyst

Bitcoin, Terra (LUNA) and One More Altcoin Set for Rallies, According to Crypto Analyst
Written by publisher team

A famous crypto strategist says that Bitcoin (BTC), Terra (LUNA) and another low-value currency are preparing for their next moves.

Cryptanalyst Capo pseudonym Says Of his 229,500 Twitter followers, he expects an upcoming “spring” movement from Bitcoin, the largest crypto asset by market cap.

“I am still anticipating the ‘spring’ movement before the surge begins.”

source: CryptoCapo / Twitter

Trader’s chart refers to the Wyckoff method of technical analysis, an approach aimed at determining when large investors are accumulating or selling an asset. The accumulation pattern highlights the period over which institutional investors control the price of an asset to buy at a discount.

According to the trader, BTC’s current value of $46,822 puts Bitcoin around the area where a price “spring” should occur, driving BTC higher.

As for the smart contract platform Terra (LUNA), which has exploded in value by more than 13,000% since January 2021, the trader be seen LUNA consolidates around the $75 range before making another price jump.

source: CryptoCapo_ / Twitter

Terra is trading at $87.06 at the time of writing, down 4.79% from today.

Finally, Capo expects the low-cap smart contract platform Hathor (HTR) to make huge gains in the coming months.

Hathor is a scalable cryptocurrency alternative that combines live acrylic graph technology with decentralized blockchain technology. Hathor is a proof-of-work blockchain designed for real-world token use cases.

capo Highlights The $2.08 range is a major resistance for the unknown blockchain. Beyond this range, Capo only sees HTR moving up.

source: CryptoCapo_ / Twitter

Hathor is currently trading at $2.10, down 2.32% from the day.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock / Sergey Nivens / Webuz / Nikelser Kate

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