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Analyst Says $200-300K Bitcoin ‘Looks Programmed’ Still Says BTC Price ‘Anywhere Near Top’ – Market Updates Bitcoin News

On Wednesday, just before bitcoin surpassed the digital asset’s all-time high (ATH), a crypto analyst known as “Takedev” said that “the 2-week chart looks strong and is looking for much higher highs.” is ready.” Just 26 days ago, TechDev said that “$200-300K of bitcoin almost looks too programmed” and this week, the analyst said we “are not topping anywhere.”

Bullish forecasters rejoice over correct predictions ‘$200-300K bitcoin almost looks too programmed’

Leading digital currency Bitcoin (BTC) has rallied during the past few weeks as it has steadily gained value week after week. It is safe to say that September was not the biggest month for BTC, and October was the complete opposite.

Throughout bitcoin’s lifetime, traditionally the last three months of the year are notable times when BTC sees significant gains. 23 hours ago, on October 19, infamous bitcoin analyst Plan B tweeted A checkmark after BTC tapped $63K on Tuesday, due to the prediction made on June 20th.

Analyst Says $200-300K Bitcoin 'Looks Programmed' Still Says BTC Price Is 'Nowhere Near Top'
Plan B was happy that its $63K for October prediction came true.

At that point, Plan B said Their “worst case” BTC price prediction (price/on-chain based) for 2021” would be: “August > 47K, Sept > 43K, Oct > 63K, Nov > 98K, Dec > 135K.”

The tweet highlighting his $63K goal for his correct prediction and checkmark has been retweeted nearly 5,000 times and has garnered over 30,000 likes today. Another crypto market analyst, dubbed takedev, is telling his 88,700 Twitter followers what he expects for the future price of bitcoin.

Techdev Still Insists That Bitcoin Is ‘Not To Top Anywhere’

26 days ago on September 24, Takedev tweeted “$200-300K bitcoin almost looks too programmed” as he shared a chart of Fibonacci statistics. On October 20th, Techdev is still very bullish as Bitcoin (BTC) remains above the handle of $64K.

Analyst Says $200-300K Bitcoin 'Looks Programmed' Yet Says BTC Price Is 'Nowhere Near Top'
Chart shared by a Twitter account called “techdev” on September 24, 2021.

“[Bitcoin] 2-week chart looks strong and ready for much higher highs,” analyst tweeted on Wednesday. “RSI is expected to peak around 93-94. Stoch RSI should also be maxing out and flat at that time. The halfway point from the July lows and the $price rise per indicator should both accelerate from here. A top Nowhere near,” said Tekdev.

Takedev shared a tweet from another bitcoin proponent named “Crypto Caesar” who is also very bullish. The tweet stemmed from Crypto Caesar’s remarks made in the summer months when the price of BTC was very low.

“Nothing Has Changed on My Previous Opinion,” Crypto Caesar said About a week ahead of Plan B’s ‘worst-case scenario’ forecast last summer. “I firmly believe we are still in a bull market. 64k was not the top (not even the half!). Endurance. HODL.”

Anyone with access to a logarithmic BTC/USD chart spanning the beginning of bitcoin’s first price point to the present day can clearly see the potential for a “double-top” or “double-bubble” scenario. The 2017 bitcoin bull market did not have a double bubble run up and was mostly a single-run parabolic jump towards $20K.

However, in 2013, bitcoin (BTC) clearly had a double bubble, jumping over $200 per coin in mid-April 2013 and then diving to $70 per unit. After that fall in the spring, BTC surprised everyone by reaching a high of $1,250 per unit in December 2013.

What do you think about Plan B’s correct prediction and TechDev’s current prediction that bitcoin is nowhere near the top? Let us know what you think about this topic in the comment section below.

Tags in this story

All Time High, Analyst, ATH, Bitcoin, BTC ATH, Double Bubble, Fibonacci, Logarithmic, Plan B, Price, Takedev, Twitter

image credit: Shutterstock, Pixabay, WikiCommons, Techdev, Plan B Twitter,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any materials, goods or services mentioned in this article.

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