TechDev According to a crypto analyst known by the pseudonym, “big moves” in altcoins, especially Bitcoin (BTC), could happen very soon.
The popular trader shared his views on the market on his Twitter account with more than 132,000 followers. According to the trader, the “relative strength index (RSI)” is currently poised for an uptrend following historical patterns in the altcoin market.
“The total market cap of altcoins appears to be contained within a 2-week RSI channel for the entire past. It seems to follow the “two taps” pattern at the top, followed by a “third dot” following the altcoin market top, altcoins advancing!”
The analyst thinks that the price of altcoins will increase enough to “change their fate”.
This is likely the month that #alts begin their moves that ultimately change lives. pic.twitter.com/sejdlssqwE
— TechDev (@TechDev_52) November 2, 2021
Talking about Bitcoin, TechDev thinks that BTC is in an uptrend, stating that the price of BTC seems ready to rise towards $ 84,000.
CoinGecko according to data Bitcoin (BTC), about a week at the time of writing up 4% at $63,009 is being traded. BTC is trading around 6% lower than its all-time high of $67,276 on Oct.
The trader compared the price action of Bitcoin this year to BTC price movements in 2017 and gold movements in the 1970s and showed similarity.
Good morning bulls.
Quite the month ahead for #Bitcoin.
About to find out which path we’re on. pic.twitter.com/qbvPIvWLC2
— TechDev (@TechDev_52) November 1, 2021
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.