Analyst Predicts Massive Bitcoin Eruption Based on One Gold Chart, Sees Altcoin Market Following Suit
A widely followed crypto strategist believes Bitcoin (BTC) is primed to ignite a massive explosion after breaking out from a bullish continuation pattern. Pseudonymous analyst TechDev tells his 523,300 followers on the social media platform X that Bitcoin has broken out of a cup-and-handle pattern on the two-week chart. The pattern typically indicates that an asset is ready to spark a new uptrend after a period of consolidation. TechDev also points out that Bitcoin’s cup-and-handle breakout looks very similar to gold’s eruption over the past two years. “When cup-and-handles hit with precision. Bitcoin’s turn…” Source: TechDev/X Looking at the trader’s chart, he seems to predict that the pattern breakout will push BTC to as high as $300,000. Earlier this month, TechDev said that a surging global liquidity and capital reallocation would serve as tailwinds for BTC’s ascent to new record levels. “Gold goes parabolic > Liquidity b...