By Bardil 
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A prominent crypto strategist and trader, known pseudonymously as TECHDEV, has indicated that altcoins are on the verge of a significant rally. With a following of over 520,200 on the social media platform X, TECHDEV highlights two key macroeconomic factors that historically signal bullish momentum for altcoins.
According to TECHDEV, altcoins tend to surge when global liquidity increases and the business cycle reaches its bottom. Global liquidity refers to the total amount of money circulating in the global financial system, while the business cycle tracks fluctuations in economic activity over time.
TECHDEV shared a chart illustrating this trend, noting that altcoins experienced substantial rallies in 2016 and 2020 following similar macroeconomic conditions. The analyst stated, “Altcoins don’t run until liquidity breaks out. It’s time.”
In addition to altcoins, TECHDEV predicts a bullish trajectory for Bitcoin (BTC). The analyst suggests that Bitcoin’s breakout from a cup-and-handle pattern—a bullish continuation structure—could propel its price to unprecedented levels. TECHDEV remarked, “After all the rigorous analysis, will be amusing if it ends up this simple…”
Based on the chart, TECHDEV forecasts that Bitcoin could reach as high as $500,000 by 2026. At the time of writing, Bitcoin is trading at $85,165.
As the crypto market awaits these potential developments, TECHDEV leaves followers with a simple yet provocative question: “Are you ready?”
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
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