The analyst named Techdev, which was carefully followed in crypto money markets, Bitcoin 
$118,188.76He argues that the current ascension movement can continue for about another year, similar to past data. Analyst says that Bitcoin’s price movements are more related to the fluctuations of general economic activity, not directly to the four -year cycle cycle. According to Techdev, Bitcoin tends to experience a significant rise, especially with signs of revival in economic cycles.
Economic cycles and Bitcoin relationship
According to the analyst, the relationship between Bitcoin’s price behavior and economic cycles gives strong signals. In particular, the copper-gold ratio is an important indicator that reflects the risk appetite of investors. According to the analyzes, the periods in which the copper-gold ratio bottoms constitute a turning point for Bitcoin, and these periods often correspond to the moments when the price is peak or starts a new wave of ascension.
Techdev states that when he looks at the past cycles, Bitcoin moves in parallel with this economic indicator and tends to reach the top prices about 14 months after each turning point. This view points out that the rise in the market can continue in the future. Crypto investors’ application – the reason will surprise you!
Techdev: “There is a Bitcoin cycle – but not like most people. This cycle reflects the business cycle. Bitcoin rises with the business cycle and reaches the summit. Bitcoin’s ‘ramp’ time represents the time up to the turning point. Bitcoin has always peaked 14 months later.”
Short and long -term price forecasts
Techdev also offers both short and long -term price forecasts for Bitcoin. Analyst says that the price of Bitcoin can reach $ 170,000 in the coming period, and the long -term 380,000 dollars. These estimates are based on the “Cup-Kulp” formation, which is detected in Bitcoin’s two-day and two-week graphics and usually will experience strong increases after consolidation.
Analyst says that Bitcoin has recently made an output from the formation in question, which can be interpreted as a harbinger of an accelerated price increase. Bitcoin is currently reportedly traded at $ 118.110. In case of recurrence of past price behavior, prices are likely to reach the estimated levels.
In the analysis of Techdev, it is emphasized that economic cycles can be based on strategic output and entry points and technical indicators may play a supportive role. It is also suggested that similar formations have been observed in previous cycles and these patterns may be guiding for investors.
Techdev: “We have really done this movement before.”
These estimates and analyzes are not certain, considering the rapid changes in crypto money markets and various economic factors. The analyst’s evaluations are shaped through past experiences and observations. It is stated by experts that investors should conduct their own research and take into account various risk factors.
Expert views reveal that market movements are mostly determined by economic cycles in the investment process and that short -term technical indicators alone are not enough. There are many factors affecting the price movements of Bitcoin and market psychology plays an important role as well as macroeconomic developments. The long -term projections of analysts are prepared under the guidance of historical data, but it is stated that deviations may be experienced under different conditions. Particularly in crypto money markets with high volatility, considering various scenarios may be beneficial for investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
