Analyst Predicts Bitcoin Bull Market Will Last Another 14 Months, Unveils Short and Long-Term BTC Price Targets

A closely followed crypto strategist believes that the Bitcoin ( BTC ) bull market will endure another year or so based on historical precedent.

Pseudonymous analyst TechDev tells his 537,900 followers on the social media platform X that he thinks Bitcoin follows the business cycle, or the ebb and flow of macroeconomic activity, rather than the four-year halving cycle.

According to the analyst, Bitcoin tends to rally hard when the business cycle begins a new uptrend, while the copper-to-gold ratio – a risk-appetite indicator –bottoms out.

Taken together, TechDev says the signal marks an “inflection point” that has historically aligned with the timing of Bitcoin bull market tops.

“There is a Bitcoin cycle – just not what many think.

It mirrors the business cycle.

Bitcoin tops when it tops.

Bitcoin goes parabolic when it inflects.

Bitcoin’s ‘ramp’ length = time until inflection

Bitcoin has always topped 14 months after inflection.” 

Source: TechDev/X

As for his Bitcoin price targets, TechDev sees BTC hitting $170,000 in the short to mid term and about $380,000 in the long term. His predictions are based on BTC’s two-day and two-week charts, which show that Bitcoin broke out from massive cup-and-handle patterns on both time frames.

The cup-and-handle pattern suggests that a bullish asset will continue its uptrend after a period of consolidation.

“We literally just did this.” 

Source: TechDev/X

At time of writing, Bitcoin is worth $118,110.

Follow us on X , Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney