A nearby crypto analyst provides for a historic rally for the Altcoin markets on the basis of an unprecedented technical configuration.
The pseudonym analyst known as Techdev shares a graph with his 532,000 subscribers on the social media platform X showing the action of total prices 2 – which follows the total market capitalization of cryptographic assets to the exclusion of Bitcoin (BTC) and Stablecoins – with a Bollinger group indicator.
Bollinger strips are a technical analysis tool used to assess price volatility and identify potential escape or average reversion opportunities. When the bands are close to each other, this suggests that volatility is historically low and that the asset is potentially due for a large movement.
According to Techdev, Bollinger bands are closely under contract for Total2, which suggests that a huge explosion upwards is imminent.
“Altcoin’s compression is at a record level.
The expansion will be different from everything the market has seen. »»
The analyst also believes that, on the basis of the overall economic cycle, Bitcoin is far from its summit.
“Revaluate your best calls.”
Techdev also uses copper / gold ratio as a signal pointing to a probable massive bitcoin overvoltage.
The copper / gold ratio, often considered as an indirect indicator of the appetite for the risks of investors, formed a background similar to 2020 and 2016, which preceded BTC Bull Runs, according to TechDev.
“The steep part is ahead.”
At the time of writing, Bitcoin is negotiated at $ 107,165, up 4% in the last seven days.
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