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 widely followed crypto analyst believes that Ethereum (ETH) and one of its competitors are setting up for big recovery rallies. Pseudonymous crypto trader Kaleo tells his 645,400 followers on the social media platform X that Ethereum could soon soar by double digits after testing the $2,100 level and then breaking out of a descending trendline. “High $2,100s / low $2,200s then bounce.” Source: Kaleo/X Looking at his chart, the trader suggests ETH could soar past $4,000 within months, a more than 64% gain from the current value. Ethereum is trading for $2,440 at time of writing, down nearly 3% in the last 24 hours. Next up, the analyst says that Solana (SOL) could revisit its yearly high after catching demand near the $120 range. “Nearly there.” Source: Kaleo/X Zooming out, the trader suggests Solana could increase by more than 186% of the current value, hitting $370 before the end of the year. Source: Kaleo/X Solana is trading for...