Crypto Analyst TechDev Updates A Massive Prediction For Bitcoin In 2022
A popular cryptocurrency strategist and trader, known as TechDev updates his huge price prediction for Bitcoin (BTC) this year.
TechDev earlier predicted a blow-off top for Bitcoin in late 2021 or early 2022. Now, with a new update he shared with his 323K followers on Twitter that a cycle top for BTC is coming at some point this year.
The analyst applies two-week candles on Bitcoin chart incorporating logarithmic growth curves and Fibonacci levels. According to TechDev, a close above the middle level will likely act as the stimulant to send BTC on a massive rally above the $200,000 levels.
“After more research, I’ve come to believe this next (possibly final) impulse will come after a two-week close over the cycle 1.618, as they always have.
If this happens, it may provide a timeline estimate, but it honestly does not matter, and I don’t plan to focus on it.”
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After more research, I’ve come to believe this next (possibly final) impulse will come after a 2W close over the cycle 1.618, as they always have.
If this happens, it may provide a timeline estimate, but it honestly does not matter, and I don’t plan to focus on it. pic.twitter.com/7rbfPOygdx
While TechDev still believes in halving-based cycles in Bitcoin, he prefers not to try to call the exact timing when Bitcoin peaks (despite his model providing fairly exact timing). Instead he says that BTC will follow previous cycles by launching off the 1.472 Fibonacci level – currently around $48,000 – into a final leg that will take the leading digital asset well into 6-digits.
“Some believe the cycle already ended, some believe it tops in Q1, some later, some never.
I believe in data-based probability with invalidation points, which to me suggests the top is not in, but it will be this year.”
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Some believe the cycle already ended, some believe it tops in Q1, some later, some never.
I believe in data-based probability with invalidation points, which to me suggests the top is not in, but it will be this year. pic.twitter.com/uOSzHYLnhF
