Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst TechDev has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for Bitcoin and altcoins, following his statement that the market has entered an important phase in this bull cycle.\u00a0 Crypto Market Has Began \u201cMacro Bullish Expansion\u201d TechDev mentioned in an X (formerly Twitter) post that \u201cthe entire crypto market has just begun its first macro bullish expansion in three and a half years.\u201d The analyst shared a bi-monthly chart of the total crypto market cap, which showed that the market was currently at a similar stage to 2020, just before the 2021 bull market came into full force and crypto tokens began to enjoy a significant upward trend.\u00a0 Related Reading: XRP Price Moves To Break Out Of 7-Year Accumulation, Analyst Highlights Possible 1,200% Rally From the chart he shared, one could also deduce that Tech Dev was hinting that the crypto tokens had completely undergone a healthy consolidation phase and were well primed for this parabolic move to the upside. That is why the crypto analyst made reference to the \u2018macro bullish expansion,\u2019 with these coins ready to break out from the range at which they have been trading for some time now.\u00a0 Crypto analyst Mikybull Crypto also seemed to agree with TechDev\u2019s analysis. He shared a Bitcoin chart that showed that the flagship crypto was ready for its next leg up, which would send it to almost $90,000.\u00a0 Meanwhile, in an earlier X post, TechDev mentioned that Bitcoin and altcoins were \u201cpoised\u201d to rip through the charts. He highlighted on the chart he shared that Bitcoin is about to have a God candle that would send it past its current all-time high (ATH) of $73,000. Altcoins were also at a stage where they would significantly move to the upside.\u00a0 TechDev had also previously suggested that Bitcoin was currently mirroring its price action from 2021, when the flagship crypto experienced a 1,200% price surge as it rose to $20,000. This raised the possibility of Bitcoin enjoying such a parabolic move again, which could send its price to almost $1 million.\u00a0 Bitcoin Is Still Consolidating For Now While TechDev suggested that a parabolic move for Bitcoin and altcoins is imminent, crypto analyst Rekt Capital has provided a different insight. He claimed that Bitcoin is showing signs that its recent rebound\u00a0 \u201chas fed into the formation of another local top,\u201d suggesting that this recent move wasn\u2019t a continuation of the bull run just yet. Related Reading: Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here\u2019s Why The crypto analyst added that history suggests that Bitcoin will likely continue to consolidate between $60,000 and $70,000 in the meantime. Crypto analyst Micha\u00ebl van de Poppe also shared a similar sentiment as he noted that no breakout is happening yet for Bitcoin since the $70,000 resistance level was rejected. He added that he will like to see Bitcoin hold above $66,000 as that will confirm that \u201ceverything is fine.\u201d Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":610431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,138,142,89606,167,428,656,679,1119,89185,1122,1144,78790,6664,15561,26263,10923,14690,1558,1564],"class_list":["post-610396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-news","tag-altcoins","tag-altcoins-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-adoption","tag-crypto-analyst","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-cryptocurrency-market"],"acf":[],"yoast_head":"\n
Crypto Expert Says Market Has Begun A Macro Bullish Expansion - What This Means For Bitcoin And Altcoin Prices<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n