Analysis News TheBitTimes.com

A closely followed analyst believes Bitcoin (BTC) and altcoins are about to ignite massive rallies and leave paper-handed investors on the sidelines. Pseudonymous analyst TechDev tells his 516,300 followers on the social media platform X that Bitcoin and altcoins appear to be flashing a technical setup that preceded steep rallies during the 2017 and 2021 bull cycles. The trader shares a chart suggesting that Bitcoin looks poised to shatter the top boundary of its weekly Bollinger Bands as BTC recovers from a 2025 low of $76,000. The Bollinger Bands are a volatility indicator that can signal a bullish breakout if an asset breaches the upper band. At the same time, TechDev notes that the altcoin market appears to be flipping a former resistance level into support amid the correction. According to the analyst, the altcoin market also witnessed similar price action in the last two cycles before sparking a huge burst to the upside. “This has always been the set...

A closely followed crypto analyst says that one Ethereum (ETH)-based altcoin is gearing up for a massive rally while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Justin Bennett tells his 114,600 followers on the social media platform X that decentralized exchange (DEX) Curve Finance (CRV) looks primed to skyrocket by over 500%. “Unsure if we’ll even get the pullback first, but CRV looks ready for $6.80 while above $0.87.” Source: Justin Bennett/X CRV is trading for $1.11 at time of writing, a 2.7% decrease during the last 24 hours. A spike to Bennett’s target price of $6.80 would represent a 515% increase from its current level. Moving on to the top crypto asset by market cap, Bennett says that investors shouldn’t be surprised if BTC smashes through the $105,000-$106,000 price tag after it reached the six-figure milestone for the first time ever. “Six-figure Bitcoin!! Nice move off of new ...