TechDev is one crypto market analyst who still thinks that altcoins are ready to see a massive run as the end of 2021 approaches.
Furthermore, crypto market analyst TechDev goes on to reveals to his 128,700 Twitter followers. Notably, how the altcoin market is taking shape to its price action during the 2017 bull cycle.
So, TechDev notes.
“Remember what’s coming for your alts. You haven’t seen a thing yet.”
Additionally, assuming the altcoin market follows TechDev predictions, it will hit $7 trillion by early 2022. That’s, before a massive correction.
Also, he points out the monthly relative strength index (RSI).
Then, notes it looks to be surging towards historic resistance that records the previous Bitcoin bull cycles.
More so, The RSI is an indicator that tracks the momentum of an asset.
Then, TechDev explains better.
“Highest monthly close in history. Congrats Bitcoin and congrats y’all…”
“We are now headed toward our second monthly RSI (relative strength index)…”
“peak like every cycle before. Nowhere near a top. Trust the indicators.”
So, TechDev concludes.
Lastly, while comparing BTC’s price action to November of 2017, he belives Bitcoin seems ready to start the next bull cycle.
“BTC daily says get ready for November.”
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