Bitcoin (BTC) is predicted to experience a significant upward trend, according to a well-known crypto analyst. The analyst, who goes by the name TechDev, believes that Bitcoin may be on the verge of a long-lasting bull market that will catch many people off guard. While most investors typically analyze BTC’s price movements within four-year halving cycles, TechDev suggests that the current rally could be part of an eight-year-long surge. To support this claim, TechDev shares a chart that draws parallels between Bitcoin’s price surges and those of the Nikkei, a major Japanese stock index that experienced a 15-year rally beginning in 1975. TechDev warns that predicting the end of this bull run may be more challenging than anticipated.


According to TechDev, the cryptocurrency market is likely to enter a phase of “mass attention,” where prices escalate rapidly compared to other stages of the market cycle. TechDev explains that the combination of technical factors and market sentiment has set the stage for the next significant price increase. When mass attention takes hold, the surge will occur swiftly. TechDev points out that out of the past 10 years, Bitcoin’s gains were mainly concentrated in just 30 days. This phenomenon is known as the “sideline/late arrival tax,” and it can have a substantial impact on an investor’s returns. As of now, Bitcoin is trading at $69,000.
Stay up to date with the latest news by subscribing to our email alerts.
Check the price action regularly by following us on X, Facebook, and Telegram.
Discover a diverse range of content on The Daily Hodl Mix.


Disclaimer: The opinions expressed in The Daily Hodl are not intended as investment advice. It is crucial for investors to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Please be aware that any transfers or trades you make are done at your own risk, and any resulting losses are your responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney