How Long Will the Bitcoin Bull Market Last According to a Popular Crypto Analyst?

How Long Will the Bitcoin Bull Market Last According to a Popular Crypto Analyst?

A well-known crypto analyst examines how long the Bitcoin (BTC) bull market could last. The trader, who goes by the pseudonym TechDev, tells his 434,100 followers on social media platform X that the global liquidity cycle coincides with every Bitcoin top and takeoff point. It refers to the distance between blue and red dots, which has always been 9-11 bars. However, there is no further information on what this gap means or how it applies to the Bitcoin bull market.

TechDev uses a six-week chart, meaning its indicator suggests Bitcoin is likely to peak between January and March 2025. The analysis is based on examining global liquidity by balancing the Chinese 10-year bonds (CN10Y) against the US Dollar Index (DXY). Additionally, the analyst compares global liquidity cycles with the aggregate balance sheets of major central banks, which tracks the money creation activities of reserve banks worldwide.

TechDev informed his followers last week that “mania” could be coming to the crypto markets if past Bitcoin cycles are any indicator of the future. Its analysis is based on the Supertrend indicator, which generates bull and bear signals based on whether the price breaks previous open or close prices during a given period.

Bitcoin is trading at $68,015 at the time of writing, up more than 7% in the last 24 hours.

Here is a summary of the press release:

• TechDev analysiert den aktuellen Bitcoin-Bullenmarkt und untersucht, wie lange er noch anhalten könnte.
• Der globale Liquiditätszyklus stimmt mit vergangenen Bitcoin Tops und Takeoff-Punkten überein.
• Die Abstände zwischen blauen und roten Punkten betragen immer 9-11 Bars, was auf den Zeitrahmen hinweist.
• Der Indikator zeigt, dass Bitcoin voraussichtlich seinen Höhepunkt zwischen Januar und März 2025 erreichen wird.
• Die Analyse basiert auf der Untersuchung der globalen Liquidität unter Verwendung von chinesischen 10-jährigen Anleihen und dem US-Dollar-Index.
• Der Supertrend-Indikator zeigt an, dass „Manie“ auf die Kryptomärkte zukommen könnte, basierend auf vergangenen Bitcoin-Zyklen.
• Bitcoin handelt aktuell bei 68.015 Dollar und verzeichnet in den letzten 24 Stunden ein Wachstum von über 7%.

To confirm this predicted Bitcoin bull market development, historical data on past Bitcoin cycles will be of interest. It is important to note that the accuracy of such forecasts cannot be guaranteed and investors should conduct their own due diligence before making any investment decisions.