Mobility signals are strengthened in the crypto currency market. Analyst Techdev, Bitcoin $82,775.63 And he argues that the rise in Altcoins is close. Based on technical indicators, he states that the market is experiencing a process similar to bull cycles in 2017 and 2021. With the expansion of the liquidity cycle, he emphasizes that investors should be careful.
Technical formation -based rise expectation in Bitcoin is strengthening
Bitcoin is preparing to climb above the weekly Bollinger band border. According to Techdev, this break may be an important signal for the market. Similar movements in past cycles pointed to the beginning of the rise. Bitcoin is in the process of recovery and technical formation reflects the first stages of the bull market.
In the technical analysis, it is observed that volatility increases when Bitcoin reaches the expansion line. Techdev states that the expectation of rise in the market has increased, but investor psychology follows a similar course with past cycles. Analyst states that short -term narratives that mislead in the market should be focused on wider cycles instead.
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Altcoins can rise faster than Bitcoin
It is noteworthy that the resistance levels in the Altcoin market turn into support levels. Techdev reminds that similar price movements in past cycles bring a huge rise. With Bitcoin’s expansion period, he thinks that subcoins can make a faster rise.
Positive changes in the liquidity cycle show that the market is approaching the expansion stage. With the increase in capital flow, the market value of subcoins may rise rapidly. Analyst argues that after Bitcoin gained acceleration, it will enter a period in which Altcoins are dominant.
Market dynamics, investor psychology are shaped together. As with past cycles, short -term sales waves can be seen when the market enlarges. It is recommended that investors should follow market movements carefully and update risk management strategies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
