Bitcoin Primed for Next Vertical Leg As ‘Mass Attention’ Approaches, Says Crypto Analyst

Bitcoin Crypto

Bitcoin Primed for Next Vertical Leg As ‘Mass Attention’ Approaches, Says Crypto Analyst

A widely followed crypto analyst says that Bitcoin (BTC) is gearing up for a new vertical leg as it mirrors past movements of a major stock index.

The pseudonymous analyst known as TechDev tells his 473,000 followers on the social media platform X that Bitcoin could enter into a bull market that many wont be able to catch.

While most crypto market participants view BTC price in terms of four-year halving-based cycles, TechDev suggests that Bitcoin could be in the early innings of an eight-year-long bull run. He shares a chart showing similarities in price surges between Bitcoin and the Nikkei, the Japanese stock index, which rallied for nearly 15 years starting in 1975.

Source: TechDev/X

According to TechDev, crypto markets will likely move into a “mass attention” phase, where prices move up quicker than at any other point in the market cycle.

At time of writing, Bitcoin is trading at $69,000.