A popular crypto analyst, TechDev, is predicting a huge price surge for Bitcoin (BTC), comparing its current chart pattern to gold’s recent price explosion.
Bitcoin’s Breakout
TechDev, who boasts a large following on X (formerly Twitter), points to a “cup-and-handle” pattern on Bitcoin’s two-week chart. This pattern often signals a significant price increase after a period of consolidation. He believes this breakout could send Bitcoin as high as $300,000. He previously suggested that increased global liquidity and capital shifts would fuel Bitcoin’s rise to new highs. Currently, Bitcoin is trading around $106,709.
Altcoin Market to Follow
TechDev isn’t just bullish on Bitcoin. He’s also predicting a massive rally for altcoins (cryptocurrencies other than Bitcoin and Ethereum). He’s focusing on the TOTAL3 chart, which tracks the total market cap of altcoins, excluding Bitcoin, Ethereum, and stablecoins. He believes four years of price compression in the altcoin market are about to release, leading to a dramatic price increase. He states that many people don’t fully grasp the potential of this altcoin market surge.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
