Cryptocurrency analyst with the nickname TechDev believes, that as we approach the end 2021 years altcoins are ready for a grand rally
In his opinion, currently the altcoin market resembles the exchange rate movement during a bullish cycle 2017 of the year:
“Something great awaits your altcoins. Nothing serious has yet begun. "
If the altcoin market acts according to the analyst's scenario, then to the beginning 2022 he can fly up to $7 trillions and only then will a significant corrective movement begin.
Regarding BTC, the analyst noted, that the monthly relative strength index (RSI) (monitors the momentum of an asset) is rapidly approaching historic resistance levels, who marked the peaks of past bullish cycles:
"The highest monthly closing rate in history. Congratulations to BTC and all its supporters. We are currently heading towards the second monthly RSI peak, as with all past cycles. Now we are far from the top. Trust the indicators "
Comparing the dynamics of the BTC exchange rate with November 2017 of the year, the analyst is sure, that the asset is ready to start the next stage of its bull cycle:
«Schedule BTC says, that in November you need to prepare for takeoff "