Crypto Analyst TechDev Predicts Parabolic Surge in Bitcoin & Altcoins

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Renowned crypto analyst, TechDev, recently advanced a bullish narrative for the cryptocurrency market, hinting that Bitcoin and altcoins are on the brink of a parabolic surge. The prediction follows his assertion that the market has now entered a vital phase of its current bull cycle, which could see vast gains for those invested.

TechDev’s recent online post declared that “the entire crypto market has just begun its first macro bullish expansion in three and a half years.” He substantiated this claim by sharing a bimonthly chart of the total crypto market cap, demonstrating that the market matched stages last seen in 2020, just before the 2021 bull market took full effect and crypto tokens began to chart a significant upward trajectory.

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The chart also allowed for the inference that the crypto tokens have completed a healthy consolidation phase and are now perfectly poised for a skyrocketing journey to the upside. This promise of explosive movement served as the backdrop for TechDev’s reference to a ‘macro bullish expansion,’ indicating that these digital currencies are geared up to break free from their trading ranges.

Support for TechDev’s prognosis came from fellow crypto analyst, Mikybull Crypto, who concurred with the assessment. A Bitcoin chart shared by Mikybull showcased the flagship cryptocurrency’s readiness for the next upward surge, which could catapult its value to approximately $90,000.

TechDev, in an earlier online missive, echoed this notion, indicating that Bitcoin and altcoins were “poised” to break through chart boundaries. He stressed that Bitcoin is on the cusp of a tremendous price surge (“God candle”) that could potentially surpass its all-time high of $73,000, with altcoins equally ready for a significant upward shift.

Additionally, TechDev contended that Bitcoin was mirroring its 2021 price pattern, a year when Bitcoin skyrocketed by an astonishing 1,200%, festooning holders with a peak price of $20,000. This established the possibility of Bitcoin experiencing a similar parabolic movement in the foreseeable future, which could even see its price teetering around the phenomenal $1 million mark.

However, a contrasting perspective came from crypto analyst, Rekt Capital, who postulated that Bitcoin exhibited signs of a fresh local top, hinting that the recent surge might not be a sign of an ongoing bull run. He suggested that Bitcoin would likely continue to consolidate between $60,000 and $70,000 for the time being. Michaël van de Poppe, another crypto analyst, mirrored these views. He observed that since Bitcoin was rejected at the $70,000 resistance level, no breakout has as yet occurred. He added that a steady hold above $66,000 would provide the necessary confirmation that all is well with the leading cryptocurrency.

Only time will verify these varied predictions and projections for Bitcoin’s path. However, these analyses underline the inherent volatility and dynamism of the crypto market, making it a compelling space for investors worldwide.