Bitcoin And It’s Traditional Cycle Theory A Big Rally In Sight Next Year
It’s been said that bitcoin will challenge conventional wisdom as regards price market next year, this is said by a crypto analyst on twitter who goes by the name Techdev. He made this known in a tweet to he’s followers as he refers to the bitcoin halving cycle, the halving cycle is said to play a vital role in putting pressure on the market price of bitcoin.
Techdev is saying that if there is any bullish run as regards market prices of bitcoin it will cause a weakening in US dollar, looking at the bitcoin chart Techdev is saying 2023 will challenge the halving theory as he illustrates it using the bitcoin graph. There are some mixed reactions which was seen from he’s followers has they had different views in what was being said.
He made arguments as regards the bitcoin reaching it’s all time high in April 2021 not November has we all are aware of it, in he’s words he said;
“BTC ‘topped’ April 2021 imo.
LTC‘s structure (orange) easier for most to digest.
Parabolic top vs. distributive, making Nov ‘21 a lower high.
Majority still doesn’t seem to understand corrective waves can make new highs.
Used to be part of majority.”
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