{"id":610396,"date":"2024-05-29T15:00:59","date_gmt":"2024-05-29T15:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=610396"},"modified":"2024-06-11T07:35:22","modified_gmt":"2024-06-11T07:35:22","slug":"crypto-macro-bullish-expansion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-macro-bullish-expansion\/","title":{"rendered":"Crypto Expert Says Market Has Begun A Macro Bullish Expansion – What This Means For Bitcoin And Altcoin Prices"},"content":{"rendered":"

Crypto analyst TechDev<\/span><\/a> has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for <\/span>Bitcoin and altcoins<\/span><\/a>, following his statement that the market has entered an important phase in <\/span>this bull cycle<\/span><\/a>.\u00a0<\/span><\/p>\n

Crypto Market Has Began \u201cMacro Bullish Expansion\u201d<\/h2>\n

TechDev mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that \u201cthe entire crypto market has just begun its first macro bullish expansion in three and a half years.\u201d The analyst shared a bi-monthly chart of the <\/span>total crypto market cap<\/span><\/a>, which showed that the market was currently at a <\/span>similar stage to 2020<\/span><\/a>, just before the 2021 bull market came into full force and crypto tokens began to enjoy a significant upward trend.\u00a0<\/span><\/p>\n

Related Reading: XRP Price Moves To Break Out Of 7-Year Accumulation, Analyst Highlights Possible 1,200% Rally<\/a><\/div>\n
\"Bitcoin
Source: X<\/figcaption><\/figure>\n

From the chart he shared, one could also deduce that Tech Dev was hinting that the crypto tokens had completely undergone a <\/span>healthy consolidation phase<\/span><\/a> and were well primed for this parabolic move to the upside. That is why the crypto analyst made reference to the \u2018macro bullish expansion,\u2019 with these coins ready to break out from the range at which they have been trading for some time now.\u00a0<\/span><\/p>\n

Crypto analyst Mikybull Crypto<\/span><\/a> also seemed to agree with TechDev\u2019s analysis. He shared a Bitcoin chart that showed that the flagship crypto was ready for its next leg up, which would send it to almost $90,000.\u00a0<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

Meanwhile, in an earlier <\/span>X post<\/span><\/a>, TechDev mentioned that Bitcoin and altcoins were \u201cpoised\u201d to rip through the charts. He highlighted on the chart he shared that Bitcoin is about to have a <\/span>God candle<\/span><\/a> that would send it past its current all-time high (ATH) of $73,000. Altcoins were also at a stage where they would significantly move to the upside.\u00a0<\/span><\/p>\n

TechDev had also <\/span>previously suggested<\/span><\/a> that Bitcoin was currently mirroring its price action from 2021, when the flagship crypto experienced a 1,200% price surge as it rose to $20,000. This raised the possibility of Bitcoin enjoying such a parabolic move again, which could send its price to almost $1 million.\u00a0<\/span><\/p>\n

Bitcoin Is Still Consolidating For Now<\/h2>\n

While TechDev suggested that a parabolic move for Bitcoin and altcoins is imminent, <\/span>crypto analyst Rekt Capital<\/span><\/a> has provided a different insight. He <\/span>claimed<\/span><\/a> that Bitcoin is showing signs that its <\/span>recent rebound<\/span><\/a>\u00a0 \u201chas fed into the formation of another local top,\u201d suggesting that this recent move wasn\u2019t a <\/span>continuation of the bull run<\/span><\/a> just yet.<\/span><\/p>\n

Related Reading: Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here\u2019s Why<\/a><\/div>\n

The crypto analyst added that history suggests that Bitcoin will likely continue to <\/span>consolidate between $60,000 and $70,000<\/span><\/a> in the meantime. <\/span>Crypto analyst Micha\u00ebl van de Poppe<\/span><\/a> also <\/span>shared<\/span><\/a> a similar sentiment as he noted that no breakout is happening yet for Bitcoin since the $70,000 resistance level was rejected. He added that he will like to see Bitcoin hold above $66,000 as that will confirm that \u201ceverything is fine.\u201d<\/span><\/p>\n

\"Bitcoin
BTC price recovers toward $68,000 | Source: BTCUSD on Tradingview.com<\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst TechDev has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for Bitcoin and altcoins, following his statement that the market has entered an important phase in this bull cycle.\u00a0 Crypto Market Has Began \u201cMacro Bullish Expansion\u201d TechDev mentioned in an X (formerly Twitter) post that \u201cthe entire crypto market has just begun its first macro bullish expansion in three and a half years.\u201d The analyst shared a bi-monthly chart of the total crypto market cap, which showed that the market was currently at a similar stage to 2020, just before the 2021 bull market came into full force and crypto tokens began to enjoy a significant upward trend.\u00a0 Related Reading: XRP Price Moves To Break Out Of 7-Year Accumulation, Analyst Highlights Possible 1,200% Rally From the chart he shared, one could also deduce that Tech Dev was hinting that the crypto tokens had completely undergone a healthy consolidation phase and were well primed for this parabolic move to the upside. That is why the crypto analyst made reference to the \u2018macro bullish expansion,\u2019 with these coins ready to break out from the range at which they have been trading for some time now.\u00a0 Crypto analyst Mikybull Crypto also seemed to agree with TechDev\u2019s analysis. He shared a Bitcoin chart that showed that the flagship crypto was ready for its next leg up, which would send it to almost $90,000.\u00a0 Meanwhile, in an earlier X post, TechDev mentioned that Bitcoin and altcoins were \u201cpoised\u201d to rip through the charts. He highlighted on the chart he shared that Bitcoin is about to have a God candle that would send it past its current all-time high (ATH) of $73,000. Altcoins were also at a stage where they would significantly move to the upside.\u00a0 TechDev had also previously suggested that Bitcoin was currently mirroring its price action from 2021, when the flagship crypto experienced a 1,200% price surge as it rose to $20,000. This raised the possibility of Bitcoin enjoying such a parabolic move again, which could send its price to almost $1 million.\u00a0 Bitcoin Is Still Consolidating For Now While TechDev suggested that a parabolic move for Bitcoin and altcoins is imminent, crypto analyst Rekt Capital has provided a different insight. He claimed that Bitcoin is showing signs that its recent rebound\u00a0 \u201chas fed into the formation of another local top,\u201d suggesting that this recent move wasn\u2019t a continuation of the bull run just yet. Related Reading: Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here\u2019s Why The crypto analyst added that history suggests that Bitcoin will likely continue to consolidate between $60,000 and $70,000 in the meantime. Crypto analyst Micha\u00ebl van de Poppe also shared a similar sentiment as he noted that no breakout is happening yet for Bitcoin since the $70,000 resistance level was rejected. He added that he will like to see Bitcoin hold above $66,000 as that will confirm that \u201ceverything is fine.\u201d Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":610431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,138,142,89606,167,428,656,679,1119,89185,1122,1144,78790,6664,15561,26263,10923,14690,1558,1564],"class_list":["post-610396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-news","tag-altcoins","tag-altcoins-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-adoption","tag-crypto-analyst","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-cryptocurrency-market"],"acf":[],"yoast_head":"\nCrypto Expert Says Market Has Begun A Macro Bullish Expansion - 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Expert Says Market Has Begun A Macro Bullish Expansion – What This Means For Bitcoin And Altcoin Prices","url":"http:\/\/wncen.com\/news\/crypto-macro-bullish-expansion\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-macro-bullish-expansion\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Bitcoin-crypto.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Bitcoin-crypto.jpeg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoin news","altcoins","altcoins news","analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto adoption","crypto analyst","crypto market","crypto news","cryptocurrency","cryptocurrency market"],"dateCreated":"2024-05-29T15:00:59Z","datePublished":"2024-05-29T15:00:59Z","dateModified":"2024-06-11T07:35:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Expert Says Market Has Begun A Macro Bullish Expansion – What This Means For Bitcoin And Altcoin Prices\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-macro-bullish-expansion\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-macro-bullish-expansion\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin-crypto.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin-crypto.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoin news\",\"altcoins\",\"altcoins news\",\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto adoption\",\"crypto analyst\",\"crypto market\",\"crypto news\",\"cryptocurrency\",\"cryptocurrency market\"],\"dateCreated\":\"2024-05-29T15:00:59Z\",\"datePublished\":\"2024-05-29T15:00:59Z\",\"dateModified\":\"2024-06-11T07:35:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Bitcoin-crypto.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/610396"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=610396"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/610396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/610431"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=610396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=610396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=610396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}