Just before bitcoin broke the all-time high for digital assets (ATH) on Wednesday, the crypto analyst known as “Techdev” said “the 2-week chart looks strong and poised for many highs. higher”. Just 26 days ago, Techdev said that “$200-300K bitcoin looks almost too programmed” and this week, the analyst noted that we are “nowhere near a top.”
Bullish forecasters rejoice in correct predictions – “$ 200,000 to $ 300,000 in bitcoins seems almost too programmed”
The main digital currency bitcoin (BTC) has seen a tear in recent weeks as it has continuously gained in value week after week. It’s safe to say that September wasn’t the greatest month for BTC, and October was a complete reversal.
Throughout Bitcoin’s lifespan, traditionally the last three months of the year are notable times when BTC sees big gains. 23 hours ago, on October 19, the notorious bitcoin analyst Plan B tweeted a checkmark after BTC tapped $63K on Tuesday, because of the prediction he made on June 20.
At that time, plan B noted its ‘worst case’ BTC price prediction for 2021 (based on price / chain) “would be:” Aug> 47K, Sep> 43K, Oct> 63K, Nov> 98K, Dec> 135K. “
His correct forecast and checkmark tweet highlighting the $63K goal has been retweeted close to 5,000 times and the tweet has more than 30,000 likes today. Another crypto market analyst, dubbed Techdev, was also very optimistic, telling his 88,700 Twitter followers what he expected from future bitcoin prices.
Techdev Still Insists Bitcoin Is ‘Nowhere Near a Top’
26 days ago on September 24, Techdev tweeted “$200-300K bitcoin looks almost too programmed” as he shared a chart of Fibonacci stats. On October 20, as bitcoin (BTC) continues to hold above the $64K handle, Techdev is still very optimistic.
“[Bitcoin] The 2 week chart looks strong and ready for much higher highs, ”the analyst said. tweeted Wednesday. “Expect RSI to peak around 93-94. Stoch RSI should be maxed and flat at that time as well. Both the midpoint of the July low and the dollar’s rise by indicator value should accelerate from here. Nowhere near a peak, ”Techdev added.
Techdev shared a tweet from another bitcoin proponent called “Crypto Caesar” who is also very bullish. The tweet stems from the Crypto Caesar comment made during the summer months when the price of BTC was much lower.
“Nothing has changed on my previous opinion,” Crypto Caesar said about a week before Plan B’s ‘worst case scenario’ forecast this past summer. “I firmly believe that we are still in a bull market. 64k was NOT the top (not even halfway!). Patience. HODL.
Anyone with access to a logarithmic BTC/USD chart that extends from the beginning of bitcoin’s first price point until today can clearly see the possibility of a “double-top” or “double-bubble” scenario. The 2017 bitcoin bull run didn’t have much of a double bubble and it was mostly a single run parabolic jump to $ 20,000.
However, in 2013, bitcoin (BTC) clearly had a double bubble, jumping over $200 per coin in mid-April 2013 and then diving to $70 per unit. After that fall in the spring, BTC surprised everyone when it hit a high of $ 1,250 per unit in December 2013.
