According to a widely-followed crypto analyst, Bitcoin (BTC), which mirrors the past movement of a large stock index, is gearing for a new upward leg.
TechDev, a pseudonymous social media analyst who has 473,000 followers in his platform X tells them that Bitcoin may enter a bull-market that most won’t catch.
TechDev believes that Bitcoin is in the beginning stages of an 8-year bull run. He shows a graph that compares the price increases of Bitcoin to the Nikkei index (the Japanese stock market), which has been on a bull run for almost 15 years, starting in 1975.
This ‘final’ leg could be more difficult to read than you thought.
TechDev predicts that crypto markets are likely to enter a phase of “mass interest” where the prices will rise faster than any time in their market cycles.
The current combination of technicals, sentiment and market conditions has primed for the next vertical leg.
Mass attention will arrive quickly.
Bitcoin has gained 99% in the last 10 years.
“It’s the late arrival tax or sideline tax.”
Bitcoin was trading for $69,000 at the time this article was written.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Bitcoin Primed to Next Vertical Leg as ‘Mass attention’ Approaches, Said Crypto Analyst could be updated.
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