A crypto analyst who has a significant following is revealing his bullish price prediction for Bitcoin, stating that BTC is starting to resemble its previous cycle. The analyst, known as TechDev, shares a chart on the social media platform X, comparing Bitcoin’s current market cycle to the one from 2020-2021. By utilizing Elliott Wave theory, which suggests that an asset experiences bullish impulses in five waves, TechDev speculates that BTC is currently in its final bullish move that will bring it close to the six-figure range later this year. TechDev also suggests, based on his chart, that Bitcoin’s relative strength index (RSI), a popular momentum indicator, has cooled off, indicating another significant upward move for BTC. The analyst recently predicted that BTC will rally by over 120%, similar to the surge that occurred in late 2020. At present, Bitcoin is trading at $63,330.