Bitcoin, Terra (LUNA) and One More Altcoin Set for Rallies …

A popular crypto strategist says Bitcoin (BTC), Terra (LUNA), and one other low-cap altcoin are preparing for their next moves up.

Pseudonymous crypto analyst Capotellshis 229,500 Twitter followers that he expects an upcoming spring movement from Bitcoin, the largest crypto asset by market cap.

Still expecting that spring movement before the start of the mark-up.

The traders chart refers to the Wyckoff method for technical analysis, an approach that aims to identify when large investors are accumulating or selling an asset. An accumulation pattern highlights a period where institutional investors are controlling an assets price to buy at discounted prices.

According to the trader, BTCs current value of $46,822 placesBitcoin right around the zone where a price spring should occur, driving BTC upwards.

As for smart contract platform Terra (LUNA), which has exploded over 13,000% in value since January 2021, the trader seesLUNA consolidating around the $75 range before making another price jump.

Terrais trading at $87.06 at time of writing, down 4.79% on the day.

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

Hathor is a scalable cryptocurrency alternative combining direct acrylic graph technology with decentralized blockchain technology. Hathor is a proof-of-work blockchain designed for real-world tokenization use cases.

Capo highlightsthe $2.08 range as key resistance for the little-known blockchain. Beyond that range, Capo only sees HTR moving upwards.

Hathoris currently trading at $2.10, down 2.32% on the day.

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

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Bitcoin, Terra (LUNA) and One More Altcoin Set for Rallies ...

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