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- Crypto analyst TechDev, followed by 516,000 users, cites historical patterns suggesting Bitcoin and altcoins may soon replicate 2017/2021 bull runs.
- Bitcoin nears weekly Bollinger Band upper limit at $76K; a breakout could signal renewed bullish momentum for BTC.
A widely followed crypto analyst known as TechDev, with over 516,000 followers on platform X, suggests Bitcoin (BTC) and altcoins may soon experience strong rallies. His analysis points to technical patterns resembling those seen before major price surges in 2017 and 2021.
This has always been the setup.
Every single time.
BTC hits the expansion line…
Volatility surges…
Alts retest yellow…
Top calls get loud.Then they get left behind.
Market caps grow. Psychology doesn’t. pic.twitter.com/qnL4KVnCUO
— TechDev (@TechDev_52) March 15, 2025
Bitcoin is currently approaching the upper boundary of its weekly Bollinger Bands, a volatility indicator. Historically, breaking this level has preceded upward trends. The analyst notes that BTC, after recently touching a low of $76,000, could surpass this technical barrier.
Bollinger Bands identify overbought or oversold conditions, and a breach of the upper band often signals continued bullish momentum.
Simultaneously, TechDev highlights that the altcoin market is turning a prior resistance level into support amid the current correction. This behavior, he argues, aligns with patterns observed before sharp rallies in past cycles.
“Each time Bitcoin reaches the expansion line, volatility spikes, altcoins retest key levels [marked in yellow on his charts], and then outperform expectations,” he explains.
He adds that some investors underestimate growth potential during these phases, missing out on gains.
You continue to pin your hopes on the narrative of the month.
The cycle is much bigger and does not care. pic.twitter.com/6Qb7jwkF8A
— TechDev (@TechDev_52) March 7, 2025
The analyst ties his outlook to the global liquidity cycle, which tracks capital flows across markets. TechDev states this cycle is forming a “macro bottom,” typically preceding periods of monetary expansion favorable to risk assets like cryptocurrencies.
“The cycle is broader and isn’t swayed by short-term narratives,” he cautions.
Regarding altcoins, TechDev expects them to outpace Bitcoin in the next upward phase, based on the Bitcoin dominance (BTC.D) metric, which measures BTC’s share of the total crypto market cap.
Stage when alts dominate is ahead not behind. pic.twitter.com/IYHzrmFyXM
— TechDev (@TechDev_52) March 6, 2025
A decline in BTC.D during a bullish phase implies altcoins are gaining value faster than Bitcoin.
As of today, Bitcoin (BTC) is trading at $83,447, reflecting a 0.73% decline in the past 24 hours. Over the past week, BTC has risen 6.14%, but in the last month, it has dropped 14.51%. Despite this, Bitcoin remains 35.07% higher in the last six months and is up 22.07% year-over-year.
Bitcoin recently experienced volatility, briefly surging above $85,000 before falling back to stabilize around $84,000. The upcoming FOMC meeting may impact BTC’s price as traders watch for the Federal Reserve’s interest rate decision. A dovish stance from the Fed could increase market volatility and potentially push BTC higher.
BTC’s futures market open interest has fallen 31.2% in the last 90 days, dropping from $33.6 billion to $23.1 billion, indicating that traders are closing positions or facing liquidations. If BTC holds above $83,000, it could push toward $85,000-$88,000. However, if bearish momentum continues, the next key support level is around $80,000-$78,000.
