A generally followed crypto strategist believes that Bitcoin (BTC) is ready to ignite a huge explosion after the outbreak of a bullish continuation pattern.
Pseudonym Techdev tells his 523,300 followers on the social media platform X that Bitcoin has broken from a cup and hand pattern on the two -week graph.
The pattern usually indicates that an active is ready to create a new upward trend after a period of consolidation.
Techdev too point to The Bitcoin’s Cup-and-Handle-Breakout has been very similar to Gold’s eruption over the past two years.
“When cup-and-handles hit with precision.
Bitcoin’s turn … ”
Looking at the graph of the trader, he seems to predict that the breakout of the pattern BTC will push up to $ 300,000. Earlier this month, Techdev said that rising global liquidity and redistribution of capital would serve as steel winds for BTC’s climb to new record levels.
“Gold goes parabolic> Liquidity breaks out> Streams to BTC + rotation of gold sends BTC parabolic
No original story. “
At the time of writing, Bitcoin acts for $ 106,709.
Regarding the Altcoin market, the Crypto analyst says that he is closely monitoring the total 3 -graphics that follows the market capitalization of all digital assets, excluding Bitcoin, Ethereum and Stablecoins.
Techdev believe That Altcoins are preparing for a meteoric climb after four years of price compression.
“I don’t think many understand what is coming on the Altcoin market.”
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Generated image: midjourney