#BTCRebound #BTCRebound
A renowned crypto strategist and trader believes that the time for altcoins is already close.
An analyst under the pseudonym TechDev shares his opinion with an audience of 520 thousand subscribers on the social media platform X, claiming that two macroeconomic factors have historically favored the growth of altcoins.
Further examining the dynamics of BTC, the analyst predicts that Bitcoin will achieve an impressive price target for the current cycle after breaking out of the 'cup with handle' pattern, which is traditionally considered a bullish continuation pattern, indicating buyer activity ready to purchase the asset without waiting for a drop to new price lows.
According to the presented chart, the trader suggests that the price of BTC could rise to as much as $500,000 by 2026.