A prominent crypto strategist and trader, known pseudonymously as TECHDEV, has signaled that altcoins are on the verge of a significant rally. With a following of over 520,200 on the social media platform X, TECHDEV highlights two key macroeconomic factors that historically precede altcoin surges: a breakout in global liquidity and the bottoming out of the business cycle.
Global liquidity refers to the total amount of money circulating in the global financial system, while the business cycle tracks the fluctuations in economic activity over time. According to TECHDEV, altcoins tend to experience explosive growth when these two factors align, as evidenced by historical patterns in 2016 and 2020.
TECHDEV shared a chart illustrating this correlation, stating, “Altcoins don’t run until liquidity breaks out. It’s time.”
In addition to altcoins, TECHDEV predicts a bullish trajectory for Bitcoin (BTC). The analyst suggests that Bitcoin is poised for a significant rally, driven by the same macroeconomic factors. TECHDEV also points to a cup-and-handle pattern in Bitcoin’s price chart, a technical indicator often associated with bullish continuation.
“After all the rigorous analysis, will be amusing if it ends up this simple…” TECHDEV remarked, hinting at a potential surge in Bitcoin’s price.
Based on the chart analysis, TECHDEV projects that Bitcoin could reach as high as $500,000 by 2026. At the time of writing, Bitcoin is trading at $85,165.
As the crypto market awaits these potential developments, TECHDEV’s insights continue to draw significant attention from investors and traders alike.
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