On Wednesday, just before Bitcoin surpassed the all-time high of digital assets (ATH), a crypto analyst known as “Techdev” said the “2-week chart is strong and ready for much higher heights.” Just 26 days ago, Techdev said that “$ 200-300K Bitcoin looks almost too programmed” and this week, analysts noted that we are “nowhere near a top”.
Bullish forecasters are delighted with accurate predictions – ‘$ 200-300K Bitcoin looks almost too programmed’
Leading digital currency Bitcoin (BTC) has been volatile over the past few weeks as it has continued to gain value on a weekly basis. It is safe to say that September was not the biggest month for BTC and October was the complete opposite.
In the lifetime of bitcoin, traditionally the last three months of the year are significant times when BTC sees significant gains. 23 hours ago, October 19, the infamous bitcoin analyst Plan B. Tweeted A checkmark after BTC tapped $ 63 on Tuesday, as he predicted June 20.
At that time, Plan B. Said Its “worst case scenario” for BTC price forecast (price / on-chain based) for 2021 will be: “August> 47K, Sept> 43K, October> 63K, November> 98K, December> 135K. “
His accurate predictions and checkmark tweets have been retweeted nearly 5,000 times highlighting the $ 63K target, and the tweet has received more than 30,000 likes today. Another crypto market analyst, Dab TekdevTelling his 88,700 Twitter followers what he expects for the future value of Bitcoin has been overwhelming.
Tekdev still insists Bitcoin is ‘nowhere near the top’
26 days ago 24th September, Tekdev Tweeted “$ 200-300K Bitcoin looks almost too programmed” when sharing a chart of Fibonacci statistics. October 20, as Bitcoin (BTC) holds above the $ 64K handle, Tekdev is still very optimistic.
“[Bitcoin] The 2-week chart looks strong and ready for much higher heights, ”the analyst said Tweeted On wednesday “Expect the RSI to get closer to 93-94. The stock RSI should be highest and flat at that time. Halfway through mid-July and the price increase per index should accelerate from here. Nowhere near the top,” Tekdev added.
Tekdev shared a tweet called “Crypto Caesar” by another Bitcoin proponent, who is very hilarious. The tweet stemmed from a comment by Crypto Caesar over the summer when BTC prices were much lower.
“Nothing has changed in my previous opinion,” Crypto Caesar said 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 half!). Patience. HODL.”
Anyone accessing the extensive logarithmic BTC / USD chart from the beginning of Bitcoin’s first price point to the present day can clearly see the possibility of a “double-top” or “double-bubble” scenario. The 2017 Bitcoin bull run wasn’t more than a double bubble run and it was mostly a single run parabolic jump towards $ 20K.
However, in 2013, Bitcoin (BTC) was definitely a double bubble, jumping above $ 200 in mid-April 2013 and then diving to 70 70 per unit. After sinking in the spring, the BTC 201 surprised everyone when it reached a high of $ 1,250 per unit in December.
What do you think about Bitcoin’s accurate predictions and TechDev’s current forecast that Bitcoin is nowhere near a peak? Let us know what you think about this in the comments section below.
Image credit: Shutterstock, Pixabay, WikiCommons, TechDev, Plan B Twitter,
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