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Analyst Predicts Massive Bitcoin Eruption Based on One Gold Chart, Sees Altcoin Market Following Suit

n70products by n70products
May 21, 2025
in Altcoin
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Analyst Predicts Massive Bitcoin Eruption Based on One Gold Chart, Sees Altcoin Market Following Suit
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A extensively adopted crypto strategist believes Bitcoin (BTC) is primed to ignite a large explosion after breaking out from a bullish continuation sample.

Pseudonymous analyst TechDev tells his 523,300 followers on the social media platform X that Bitcoin has damaged out of a cup-and-handle sample on the two-week chart.

The sample usually signifies that an asset is able to spark a brand new uptrend after a interval of consolidation.

TechDev additionally points out that Bitcoin’s cup-and-handle breakout seems to be similar to gold’s eruption over the previous two years.

“When cup-and-handles hit with precision.

Bitcoin’s flip…” 

Image
Supply: TechDev/X

Wanting on the dealer’s chart, he appears to foretell that the sample breakout will push BTC to as excessive as $300,000. Earlier this month, TechDev said {that a} surging international liquidity and capital reallocation would function tailwinds for BTC’s ascent to new file ranges.

“Gold goes parabolic > Liquidity breaks out > Flows to BTC + rotation from gold sends BTC parabolic

Not an unique story.”

At time of writing, Bitcoin is buying and selling for $106,709.

Turning to the altcoin market, the crypto analyst says he’s holding an in depth watch on the TOTAL 3 chart, which tracks the market cap of all digital belongings excluding Bitcoin, Ethereum and stablecoins.

TechDev believes that altcoins are gearing up for a meteoric ascent after going by 4 years of value compression.

“I don’t suppose many comprehend what’s coming within the altcoin market.”

Image
Supply: TechDev/X

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