Crypto Analyst TechDev He has been bullish on the cryptocurrency market, recently suggesting that a parabolic move is imminent. Bitcoin and AltcoinsFollowing comments that the market has entered a critical stage, This bull market.
Cryptocurrency market begins 'macro bullish expansion'
TechDev was mentioned on X (formerly Twitter) post “The entire cryptocurrency market has entered its first macro bullish expansion in three and a half years,” the analyst said, sharing a bi-monthly chart. Cryptocurrency Market Capthe market is currently Same stage as in 2020This was just before the 2021 bull market really began and crypto tokens began to trend significantly higher.
From the chart he shared, it can also be inferred that TechDev was suggesting that the crypto token has undergone a complete transformation. Healthy integration phase And they were well prepared for this parabolic rise, which is why the crypto analyst referred to a “macro bullish expansion” and said that these coins are poised to break out of the range they’ve been trading in for some time now.
Crypto Analyst Mikybull Crypto He seems to agree with TechDev's analysis, as he shared a Bitcoin chart that shows the flagship cryptocurrency is poised for the next phase of its upswing and a rise closer to $90,000.
On the other hand, the previous X PostTechDev said Bitcoin and altcoins are “poised” to dominate the charts. He emphasized that Bitcoin is poised to dominate the charts. God's Candle This would propel Bitcoin above its current all-time high (ATH) of $73,000. Altcoins were also in the midst of a major upswing.
TechDev also Previously proposed Bitcoin is currently mirroring the price action seen in 2021 when the leading cryptocurrency experienced a 1,200% price surge that saw it rise to $20,000. This raises the possibility that Bitcoin could once again see such a parabolic move, with the price reaching nearly $1 million.
Bitcoin remains stable for now
TechDev Suggests Bitcoin and Altcoin Sharp Rise is Imminent Crypto Analyst Rekt Capital He offered a different insight. Claimed Bitcoin is Recent recovery “It has led to the formation of another local top,” he said, and this recent move The bull market continues not yet.
The crypto analyst added that history suggests Bitcoin will likely continue to rise in the future. Consolidate between $60,000 and $70,000 During. Crypto analyst Michael van de Poppe Also share A similar sentiment was echoed by Mr. Cohen, who noted that Bitcoin has yet to see a breakout since the $70,000 resistance level was rejected. He added that he would like to see Bitcoin sustain above $66,000 as that would be confirmation that “all is well.”
Featured image created by Dall.E, chart taken from Tradingview.com
