Analyst’s Bullish Outlook
Crypto analyst TechDev believes Bitcoin is on track for a major price surge, mirroring its previous bull market pattern.
Elliott Wave Theory
Using Elliott Wave theory, TechDev suggests that Bitcoin is in the final bullish wave, which could push it towards $90,000-$100,000 by year-end.
Relative Strength Index (RSI)
The analyst also points to Bitcoin’s cooling RSI, indicating a potential for another significant upward move.
Historical Precedent
TechDev compares the current market cycle to late 2020, when Bitcoin rallied over 120% in two months. He believes a similar surge could be imminent.
Current Price and Disclaimer
At the time of writing, Bitcoin is trading at $63,330. The opinions expressed in this article are not investment advice, and investors should conduct their own research before making any decisions.
