Bitcoin Experiences Record-Breaking Increase in Value, With Analyst Predicting It to be the Greatest Bull Run Yet

Quick Summary:

TechDev comments on this breakout, stating: "You’re looking at the first breakout of Bitcoin against M1 money supply since March 2017 when it went historically parabolic for 9 months.

We’ve never seen a Bitcoin breakout like this one.” Bitcoin Could Outpace The 2021 Cycle Another critical aspect of TechDev’s analysis is the breakout of Bitcoin against the M1 money supply.

Crypto analyst TechDev (@TechDev_52) recently shared a detailed chart analysis suggesting that Bitcoin might be on the cusp of its most significant breakout to date.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Btcusd Bitcoin news Bitcoin Bitcoin Cycle Btc price Bitcoin price Bitcoin bull run Btc Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-03 @ 07:50:44 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 79 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21133484

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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