{"id":13403,"date":"2021-10-20T16:54:04","date_gmt":"2021-10-20T16:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/analyst-that-said-200-300k-bitcoin-looks-programmed-still-says-btc-price-nowhere-near-a-top\/"},"modified":"2021-10-20T16:54:04","modified_gmt":"2021-10-20T16:54:04","slug":"analyst-that-said-200-300k-bitcoin-looks-programmed-still-says-btc-price-nowhere-near-a-top","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/analyst-that-said-200-300k-bitcoin-looks-programmed-still-says-btc-price-nowhere-near-a-top\/","title":{"rendered":"Analyst That Said $200-300K Bitcoin \u2018Looks Programmed\u2019 Still Says BTC Price \u2018Nowhere Near a Top\u2019"},"content":{"rendered":"

On Wednesday, just before bitcoin surpassed the digital asset\u2019s all-time high (ATH), the crypto analyst known as \u201cTechdev\u201d says the \u201c2-week chart looks strong and ready for much higher highs.\u201d Just 26 days ago, Techdev said that \u201c$200-300K bitcoin looks almost too programmed\u201d and this week, the analyst noted that we are \u201cnowhere near a top.\u201d<\/strong><\/p>\n

Bullish Forecasters Rejoice Over Correct Predictions \u2014<\/span> \u2018$200-300K Bitcoin Looks Almost Too Programmed\u2019<\/h2>\n

The leading digital currency bitcoin (BTC<\/a>) has been on a tear during the last few weeks as it has continuously gained value week over week. It\u2019s safe to say that September wasn\u2019t the greatest month for BTC<\/a>, and October was a complete reversal.<\/p>\n

Throughout bitcoin\u2019s lifetime, traditionally the last three months of the year are notable times when BTC<\/a> sees significant gains. 23 hours ago, on October 19, the notorious bitcoin analyst Plan B tweeted<\/a> a checkmark after BTC<\/a> tapped $63K on Tuesday, because of the prediction he made on June 20.<\/p>\n

At that time, Plan B said<\/a> his \u201cworst case scenario\u201d BTC<\/a> price prediction for 2021 (price\/on-chain based)\u201d would be: \u201cAug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K.\u201d<\/p>\n

His correct forecast and checkmark tweet highlighting the $63K goal has been retweeted close to 5,000 times and the tweet has more than 30,000 likes today. Another crypto market analyst, dubbed Techdev<\/a>, has been very bullish as well, telling his 88,700 Twitter followers what he expects for bitcoin\u2019s future prices.<\/p>\n

Techdev Still Insists Bitcoin Is \u2018Nowhere Near a Top\u2019<\/h2>\n

26 days ago on September 24, Techdev tweeted<\/a> \u201c$200-300K bitcoin looks almost too programmed\u201d as he shared a chart of Fibonacci stats. On October 20, as bitcoin (BTC<\/a>) continues to hold above the $64K handle, Techdev is still very optimistic.<\/p>\n

\u201c[Bitcoin] 2-week chart looks strong and ready for much higher highs,\u201d the analyst tweeted<\/a> on Wednesday. \u201cExpect RSI to peak around 93-94. Stoch RSI should be maxed and flat at that time as well. Both halfway there from July low and the $ increase per indicator value should accelerate from here. Nowhere near a top,\u201d Techdev added.<\/p>\n

Techdev shared a tweet from another bitcoin proponent called \u201cCrypto Caesar\u201d who is also very bullish. The tweet stemmed from commentary Crypto Caesar made in the summer months when BTC<\/a>\u2019s price was much lower.<\/p>\n

\u201cNothing has changed on my previous opinion,\u201d Crypto Caesar said<\/a> about a week before Plan B\u2019s \u2018worst case scenario\u2019 forecast this past summer. \u201cI firmly believe we are still in a bull market. 64k was NOT the top (not even halfway!). Patience. HODL.\u201d<\/p>\n

Anyone with access to a logarithmic BTC<\/a>\/USD chart that extends from the beginning of bitcoin\u2019s first price point until today can clearly see the possibility of a \u201cdouble-top\u201d or \u201cdouble-bubble\u201d scenario. The 2017 bitcoin bull run did not have much of a double bubble run up and it was mostly a single-run parabolic jump toward $20K.<\/p>\n

However, in 2013, bitcoin (BTC<\/a>) clearly had a double bubble<\/a>, jumping over $200 per coin in mid-April 2013 and then diving to $70 per unit. After that dip in the spring, BTC<\/a> surprised everyone when it reached a high of $1,250 per unit in December 2013.<\/p>\n

What do you think about Plan B\u2019s correct prediction and Techdev\u2019s current forecast that bitcoin is nowhere near a top? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nMarket Updates, All time high, analyst, ATH, Bitcoin, BTC ATH, Double Bubble, Fibonacci, logarithmic, Plan B, Price, techdev, Twitter<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, just before bitcoin surpassed the digital asset\u2019s all-time high (ATH), the crypto analyst known as \u201cTechdev\u201d says the \u201c2-week chart looks strong and ready for much higher highs.\u201d Just 26 days ago, Techdev said that \u201c$200-300K bitcoin looks almost too programmed\u201d and this week, the analyst noted that we are \u201cnowhere near a…<\/p>\n","protected":false},"author":0,"featured_media":13404,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13403"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13403"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13404"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}