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A crypto analyst known for his charts says that altcoins are flashing a very bullish signal that’s been five years in the making. In a post on the social media platform X, pseudonymous analyst TechDev shares with his 535,000 followers a TOTAL3 chart, which measures the entire market cap of crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. Using three-month candles, TechDev’s Analysis suggests that TOTAL3 is currently breaking out of a massive ascending triangle that started forming in late 2020. “Macro altcoin expansion has triggered. Not seen since late 2020. But this one comes after a 4-year coil…the longest in history.” Source: TechDev/X The analyst believes that the altcoin market is trading in line with what’s known as a Livermore Accumulation Cylinder, a pattern identified by trader Jesse Livermore, a pioneer of day trading prominent in the early 1900s. Livermore Cylinders typically see price trade wit...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Ethereum (ETH) has struggled to gain momentum lately. The asset failed to generate traction despite the US SEC approving ETH ETFs last year. Bitcoin (BTC), on the other hand, hit a new all-time high after the launch of its ETFs in the US. ETH is down by 1.4% in the daily charts, 5% in the weekly charts, 3.6% in the 14-day charts, and 11% over the previous month. Despite the dip, the asset has maintained some gains in the yearly charts, rallying 37.4% since January 2024. Source: CoinGecko Also Read: Top 3 Cryptocurrencies You Should Watch This Weekend Ethereum To Hit A New All-Time High? Source: Forbes ETH is down by 32.8% from its all-time high of $4,878.26. The asset hit its peak in November 2021. According to prominent cryptocurrency analyst Ali Martinez, ETH follows an ascending parallel channel. The analyst believes the $2800 level could push the asset to $6000, a new all-time high. Hitting $6000 from current price levels will entail a rally of about 82.8%. Also Read: Ethereum Pric...

A cryptocurrency trading analyst has projected that January 2025 might be the moment when Bitcoin (BTC) clinches a new historical high. This projection follows Bitcoin’s ongoing rally that has placed the asset on the cusp of reclaiming the crucial $70,000 resistance.  Alan Santana, rather than settling for conservative targets of $130,000, suggested that Bitcoin could reach the $155,000 to $200,000 range by early 2025, according to an Analysis shared in a TradingView post on October 19.  The expert envisioned two possible trajectories for Bitcoin’s future. In one scenario, Bitcoin could experience an early blow-off top, with a rapid bullish surge peaking around April or May 2025. However, this is considered less likely due to the speed such a rally would require.  Picks for you What's next for BTC amid Euro...