The Analyst Who Accurately Predicted Bitcoin’s Surge and Crash Reveals Where the Price Is Heading Next

Crypto TechDev Analyst provided details on the Bitcoin future trajectory. The analyst suggested that the flagship crypto has not yet reached its full potential this market cycle and that further price increases are expected for the crypto token.

It’s Not Time for a Bitcoin Blowoff Top

TechDev commented on X (formerly Twitter) posted that i Bitcoin blowoff peaks it only happened after the four-week Chaikin money flow (CMF) broke the line he highlighted in the accompanying chart. His analysis shows that Bitcoin is still bound to do a parabolic motion high before experiencing a major decline.

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Blowoff tops are a chart pattern that shows a rapid rise in an asset’s price followed by a sharp decline in its value. TechDev’s chart showed that the same happened in previous bull cycleswith Bitcoin enjoying a parabolic uptrend for about a year before its price dropped significantly.

Similarly, based on TechDev’s chart, Bitcoin is also set to enjoy a parabolic rise from now to sometime in 2025 before it reaches a market peak and begins a steep decline. For another X post, the analyst suggested that it is almost time for Bitcoin to enjoy its next leg. As crypto analyst Rekt Capital he said, this next move upwards will take Bitcoin into the ‘parabolic uptrend’ phase of this market cycle.

It is interesting that this explosion of Bitcoin can happen sooner than expected, and TechDev says that in 18 days, Bitcoin will have a chance to rest that it has seen only once in its entire history. From the chart he shared, TechDev revealed that Bitcoin is going up for him up to $190,000 from this bull run.

It is also worth mentioning that crypto analyst CrediBULL Crypto recently predicted that a Bitcoin breakout is imminent. He said that Bitcoin will “fully ship” in seven to ten days and rise to $100,000 if this move happens.

Bitcoin Cracking May Take a while

Crypto Analyst Rekt Capital recently that the Bitcoin outbreak in this Range of re-accumulation they will happen in September 2024 if history repeats itself. Crypto analyst wanted that Bitcoin’s struggle to get out of this Rally is “beneficial all round.”

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He noted that Bitcoin has never broken this early in the post-halving period. Rekt Capital noted that Bitcoin’s early exit means that this cycle will be accelerated and that the bull market will be shorter than usual. So, you believe that this long-term integration helps the price of Bitcoin to re-align with historical halving cycles so that the market can feel “normal and normal a typical bull run.”

At the time of writing, Bitcoin is trading around $66,900, down about 1% in the last 24 hours, according to the data from CoinMarketCap.

The featured image was created with Dall.E, a chart from Tradingview.com