when

/send

Avalanche

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 <p>Bitcoin’s (BTC) price has now reached all-time highs (ATH) in the vast majority of countries on earth.</p>
 <p>The leading crypto asset’s sudden surge to $64,000 on Monday triggered new highs in the Swedish krona, the Australian dollar, the Canadian dollar, the British pound, the Russian ruble, the Norweigan krone and the Chinese yuan.</p>
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 <p>BTC’s price in the US dollar remains one of the last dominos to fall.</p>
 <p>The pseudonymous analyst TechDev tells his 431,600 followers on the social media platform X that “mania” may now be coming to the crypto markets if past Bitcoin cycles are any indicator of the future.</p>
 <p>TechDev is basing his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> on the supertrend indicator, which generates bull and bear signals based on whether the price breaks previous open or close levels during a given period.</p>
 <p><em>“Bitcoin broke above the seven-week supertrend. Historically, the candles that followed brought mania.”</em></p>
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    <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHYosywWcAAZN1O?format=jpg&amp;name=medium" alt="Image" width="1199" height="584">
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      Source: TechDev/X
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 <p>The analyst is also closely watching the Bollinger bands bandwidth (BBW) indicator, a price volatility gauge. The upper and lower bands widen when volatility declines while the bands contract when volatility is likely to explode.</p>
 <p>Says TechDev,</p>
 <p><em>“Two-month BTC Bollinger bands haven’t even started expanding yet.”</em></p>
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    <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHWcvDqWgAA32sd?format=png&amp;name=medium" alt="Image" width="1199" height="743">
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      Source: TechDev/X
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 <p>Bitcoin is trading for $61,124 at time of writing, up more than 8% in the last 24 hours.</p>
 <p>Meanwhile, pseudonymous analyst Kaleo tells his 622,400 followers on the social media platform X that Bitcoin’s latest surge is making him more bullish on altcoins, including Ethereum (ETH) rival Avalanche (AVAX).</p>
 <p><em>“Initially was expecting AVAX to rip to $60-$70 for the next leg up, but with the way Bitcoin has been moving recently I wouldn’t be shocked if we see a move straight to $100+ similar to what SOL did a little while ago. AVAX Has No Chill. Send it.”</em></p>
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    <figure style="width: 100%" class="wp-caption alignnone"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHb0RYVXIAA_-H8?format=jpg&amp;name=medium" alt="Image" width="1200" height="457">
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      Source: TechDev/X
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 <p>Avalanche is trading for $38.42 at time of writing, down slightly in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-breaks-all-time-highs-in-nearly-every-country-on-earth-as-analysts-forecast-altcoin-mania-phase-tbt81099.html">https://thebittimes.com/bitcoin-breaks-all-time-highs-in-nearly-every-country-on-earth-as-analysts-forecast-altcoin-mania-phase-tbt81099.html</a></p>

Bitcoin Breaks All-Time Highs in Nearly Every Country on Earth As Analysts Forecast Altcoin ‘Mania’ Phase

TheBitTimes

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