A Crypto Strategist Predicts Bitcoin’s Massive Explosion After Breaking Out of Bullish Pattern

A popular crypto strategist, known as TechDev, has shared his insights on the potential for Bitcoin (BTC) to experience a significant price surge. According to TechDev, Bitcoin has recently broken out of a cup-and-handle pattern on the two-week chart, signaling a potential bullish continuation.

The cup-and-handle pattern is typically seen as a bullish indicator, suggesting that an asset is ready to embark on a new uptrend following a period of consolidation. TechDev also draws parallels between Bitcoin’s current breakout and gold’s price movement over the past two years.

Referring to a chart shared on social media, TechDev predicts that Bitcoin could reach as high as $300,000 following the pattern breakout. Earlier predictions by the analyst also suggest that global liquidity and capital reallocation could act as catalysts for Bitcoin’s rally to new all-time highs.

As of the latest update, Bitcoin is trading at $106,709, with the potential for further upside momentum. TechDev is closely monitoring the altcoin market as well, particularly focusing on the TOTAL 3 chart, which tracks the market cap of all digital assets excluding Bitcoin, Ethereum, and stablecoins.

According to TechDev, altcoins are poised for a significant uptrend after experiencing four years of price compression. The analyst emphasizes the potential for a meteoric rise in the altcoin market, hinting at a major shift in the cryptocurrency landscape.

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