Big Surprise Awaits Bitcoin and Altcoin Accumulators After That Date! New Forecast From Famous Analyst!

The anonymous cryptocurrency analyst known as TechDev has claimed that there will be a significant rise in the price of Bitcoin (BTC) if global liquidity cycles continue to follow historical trends. Here is the BTC prediction that the analyst put forward.
Bitcoin's Record Could Be Refreshed by Breaking Over $100K
TechDev, which is closely followed by cryptocurrency investors, closely monitors the cycles by comparing Chinese 10-year bonds (CN10Y) with the US dollar index (DXY). The analyst also relates global liquidity cycles to the aggregate balance sheets representing the money printing activity of major central banks.
According to a chart shared by TechDev, global liquidity is about to enter an uptrend as central banks around the world expand their balance sheets. More importantly, the chart shows that Bitcoin's price movements often mimic global liquidity movements. This reveals that if the current trend continues, BTC could experience a rapid price increase in the coming months.
According to the analyst's logarithmic growth curve (LGC), if Bitcoin continues to follow this trend, it could break the record in or before 2025. For those who don't know, LGCs are charts that are used to predict Bitcoin's long-term highs and lows and do not take into account short-term price movements. According to TechDev, LGC predicts the peak for Bitcoin to be between $100,000 and $140,000, and this prediction is based on certain parameters of the LGC curve and impulse steepness. Therefore, LGC's approach has to be considered approximate.
The largest cryptocurrency BTC is trading at $28,884, just under $29,000 at the time of writing. If the price of Bitcoin reaches $140,000, as LGC reveals, that would mean a growth of about 380 percent. On the other hand, Bitcoin is trading about 60 percent below the previous all-time high (ATH) of $ 69,000 at current prices.
Bitcoin Might Be On The Verge Of A Strong Bull Market
TechDev also reported that Bitcoin's Bollinger Bandwidth (BBW) is just over 0.50, which is a relatively low level. Traders watch BBW closely as it could signal significant price action in either direction after a period of low volatility.
According to the chart shared by the analyst, in the last three instances where Bitcoin's BBW approached 0.50, the market entered a full-blown bull market. This shows that the biggest cryptocurrency today may be on the verge of a strong bull market.
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