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Crypto Analyst Explains Why We Could Expect a Bitcoin Rally Soon

According to widely-followed cryptocurrency analyst TechDev, Bitcoin’s 1-year HODL waves metric has seen its 200-day rate of change peak over 0.1 for the fourth time in 11 years, after happening in 2012, 2015, and 2019 before massive price rallies occurred.
#Bitcoin 1 yr+ HODL wave 200-day rate of change peaks over 0.14 signals in 11 years.
– #Altcoins bouncing from long-term TL + prior ATH + 0.272– $DXY at long-term TL + local TL + 1.414 after parabolic move– Possible parabola breakdown after 5 touchpoints and 1.414 extension into 2 TLsWatching for further confirmation of $DXY breakdown and #altcoin impulse.
– #Altcoins bouncing from long-term TL + prior ATH + 0.272– $DXY at long-term TL + local TL + 1.414 after parabolic move– Possible parabola breakdown after 5 touchpoints and 1.414 extension into 2 TLsWatching for further confirmation of $DXY breakdown and #altcoin impulse.
The RSI, it’s worth noting, is a momentum indicator used to gauge whether an asset is overbought or oversold.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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