By Nermeen Nabil Khear 
A closely followed analyst believes Bitcoin (BTC) and altcoins are about to ignite massive rallies and leave paper-handed investors on the sidelines.
Pseudonymous analyst TechDev tells his 516,300 followers on the social media platform X that Bitcoin and altcoins appear to be flashing a technical setup that preceded steep rallies during the 2017 and 2021 bull cycles.
The trader shares a chart suggesting that Bitcoin looks poised to shatter the top boundary of its weekly Bollinger Bands as BTC recovers from a 2025 low of $76,000.
The Bollinger Bands are a volatility indicator that can signal a bullish breakout if an asset breaches the upper band.
At the same time, TechDev notes that the altcoin market appears to be flipping a former resistance level into support amid the correction. According to the analyst, the altcoin market also witnessed similar price action in the last two cycles before sparking a huge burst to the upside.
“This has always been the setup.
Every single time.
BTC hits the expansion line…
Volatility surges…
Alts retest yellow…
Top calls get loud.
Then they get left behind.
Market caps grow. Psychology doesn’t.”
The analyst says that his stance on Bitcoin and altcoins is supported by his bullish outlook on the liquidity cycle, which tracks the flow of capital in and out of financial markets.
According to TechDev, the liquidity cycle appears to be carving a macro bottom, indicating that markets are about to benefit from a phase of monetary expansion.
“You continue to pin your hopes on the narrative of the month.
The cycle is much bigger and does not care.”
Looking closer at the altcoin market, the trader predicts that alts will outperform Bitcoin in the next leg up based on the cycles of the Bitcoin dominance (BTC.D) chart. BTC.D measures how much of the total crypto market cap belongs to Bitcoin.
“Stage when alts dominate is ahead not behind.”
A tumbling BTC.D chart in a bullish environment suggests that altcoins are gaining value faster than BTC.
At time of writing, BTC is trading for $83,036.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
The post Crypto Analyst Predicts Rapid Rallies for Bitcoin, Says Stage Is Set for Altcoins To Dominate BTC appeared first on The Daily Hodl.
A closely followed analyst believes Bitcoin (BTC) and altcoins are about to ignite massive rallies and leave paper-handed investors on the sidelines. Pseudonymous analyst TechDev tells his 516,300 followers on the social media platform X that Bitcoin and altcoins appear to be flashing a technical setup that preceded steep rallies during the 2017 and 2021
The post Crypto Analyst Predicts Rapid Rallies for Bitcoin, Says Stage Is Set for Altcoins To Dominate BTC appeared first on The Daily Hodl. Altcoins, Bitcoin, Trading, altcoins, BTC, News, trading
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.