On Wednesday, simply earlier than bitcoin surpassed the digital asset’s all-time excessive (ATH), the crypto analyst often known as “Techdev” says the “2-week chart appears to be like robust and prepared for a lot increased highs.” Simply 26 days in the past, Techdev mentioned that “$200-300Okay bitcoin appears to be like nearly too programmed” and this week, the analyst famous that we’re “nowhere close to a high.”
Bullish Forecasters Rejoice Over Right Predictions — ‘$200-300Okay Bitcoin Seems Nearly Too Programmed’
The main digital forex bitcoin (BTC) has been on a tear throughout the previous few weeks because it has constantly gained worth week over week. It’s protected to say that September wasn’t the best month for BTC, and October was an entire reversal.
All through bitcoin’s lifetime, historically the final three months of the 12 months are notable occasions when BTC sees important features. 23 hours in the past, on October 19, the infamous bitcoin analyst Plan B tweeted a checkmark after BTC tapped $63Okay on Tuesday, due to the prediction he made on June 20.
Plan B was happy that his $63Okay for October prediction got here true.
At the moment, Plan B mentioned his “worst case state of affairs” BTC worth prediction for 2021 (worth/on-chain primarily based)” could be: “Aug>47Okay, Sep>43Okay, Oct>63Okay, Nov>98Okay, Dec>135Okay.”
His right forecast and checkmark tweet highlighting the $63Okay aim has been retweeted shut to five,000 occasions and the tweet has greater than 30,000 likes right this moment. One other crypto market analyst, dubbed Techdev, has been very bullish as effectively, telling his 88,700 Twitter followers what he expects for bitcoin’s future costs.
Techdev Nonetheless Insists Bitcoin Is ‘Nowhere Close to a High’
26 days in the past on September 24, Techdev tweeted “$200-300Okay bitcoin appears to be like nearly too programmed” as he shared a chart of Fibonacci stats. On October 20, as bitcoin (BTC) continues to carry above the $64Okay deal with, Techdev continues to be very optimistic.
Chart shared by the Twitter account known as “Techdev” on September 24, 2021.
“[Bitcoin] 2-week chart appears to be like robust and prepared for a lot increased highs,” the analyst tweeted on Wednesday. “Anticipate RSI to peak round 93-94. Stoch RSI needs to be maxed and flat at the moment as effectively. Each midway there from July low and the $ improve per indicator worth ought to speed up from right here. Nowhere close to a high,” Techdev added.
Techdev shared a tweet from one other bitcoin proponent known as “Crypto Caesar” who can also be very bullish. The tweet stemmed from commentary Crypto Caesar made in the summer season months when BTC’s worth was a lot decrease.
“Nothing has modified on my earlier opinion,” Crypto Caesar mentioned a couple of week earlier than Plan B’s ‘worst case state of affairs’ forecast this previous summer season. “I firmly imagine we’re nonetheless in a bull market. 64okay was NOT the highest (not even midway!). Persistence. HODL.”
Anybody with entry to a logarithmic BTC/USD chart that extends from the start of bitcoin’s first worth level till right this moment can clearly see the opportunity of a “double-top” or “double-bubble” state of affairs. The 2017 bitcoin bull run didn’t have a lot of a double bubble run up and it was largely a single-run parabolic leap towards $20Okay.
Nonetheless, in 2013, bitcoin (BTC) clearly had a double bubble, leaping over $200 per coin in mid-April 2013 after which diving to $70 per unit. After that dip in the spring, BTC shocked everybody when it reached a excessive of $1,250 per unit in December 2013.
What do you concentrate on Plan B’s right prediction and Techdev’s present forecast that bitcoin is nowhere close to a high? Tell us what you concentrate on this topic in the feedback part under.
