TechDev
‘Zone of heavy opportunity’: Analysts tip Bitcoin will stage a comeback
Several popular cryptocurrency analysts believe the future looks green for Bitcoin (BTC) as it reclaimed the $40,000 mark in a 3.5% swing following a week-long dip. Popular Bitcoin technical analyst on Twitter TechDev issued a prediction to his 381,000 followers that the general direction for the largest cryptocurrency by market cap will be up for the foreseeable future. His April 14 chart drew a comparison between the tremendous rise of the Dow Jones Industrial Average in the ’80s and ’90s to Bitcoin’s price over the past six years. Past performance is no guarantee of future returns but there are some similarities to the historic price action that if repeated, would suggest the Bitcoin price will rise from here. The analyst said “Times change. Assets chain. Macro aggrega...
