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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/techdev-predicts-bitcoins-massive-bear-trap/" data-wpel-link="internal" rel="noopener noreferrer nofollow">TechDev Predicts Bitcoin’s Massive Bear Trap</a><br></p>
<p style="text-align: justify">The pseudonymous <a href="https://en.coin-turk.com/altcoins-show-potential-for-growth/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> TechDev suggests that Bitcoin and digital assets are in the midst of a massive bear trap. TechDev, in a chart shared with his 467,000 followers on social media platform X, indicates that Bitcoin’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> cycles consist of a series of stages starting with “accumulation” and ending with a bull trap.</p>
<h2 id="bitcoin-s-cycle-stages">Bitcoin’s Cycle Stages</h2>
<p style="text-align: justify">According to TechDev, Bitcoin is currently in the “bear trap” stage. This stage precedes the “renewed optimism,” “FOMO” (fear of missing out), and “euphoria” stages. Afterward, it peaks and enters a bull trap.</p>
<blockquote>
 <p>“Clearly, there is extreme fear in the market. For the past two weeks, the comments at $25,000 from those doom-posting were filled with ‘told you’ remarks as we retested levels and reached $48,000. At the same time, during a period when global macro conditions point upwards, this just sounds like noise to me.”</p>
</blockquote>
<h2 id="stablecoins-situation">Stablecoins Situation</h2>
<p style="text-align: justify">The analyst also believes that USDT dominance in crypto markets is declining and that stablecoins will soon be exchanged on a large scale for other digital assets, which will increase prices.</p>
<h2 id="bitcoin-and-nikkei-225-comparison">Bitcoin and Nikkei 225 Comparison</h2>
<p style="text-align: justify">TechDev compared Bitcoin’s historical price movements with Japan’s largest stock index, the Nikkei 225. Based on TechDev’s charts, Bitcoin could rise to $760,000 between 2028 and 2029 and then experience a multi-year bear market.</p>
<blockquote>
 <p>“This is usually the case in most speculative markets, but the last two years have reflected this more in the crypto market than at other times – the price does not rise until everyone is filled with fear. This was the case at $15,000 after the FTX collapse, $20,000 after regional banks’ failures, $38,000 after the ETF drop, and now as well.”</p>
</blockquote>
<p style="text-align: justify">Last month, TechDev expressed optimism about the recent drop in the crypto market. He predicted that the market would rise along with current global cycles.</p>
<p style="text-align: justify">At the time of writing, Bitcoin’s value is $54,435, showing a slight increase during the day.</p>
<p style="text-align: justify">According to TechDev’s analysis, Bitcoin is currently in a bear trap stage. He believes stablecoins will soon be exchanged on a large scale for digital assets, increasing prices. Bitcoin could reach $760,000 in 2028-2029 and then experience a multi-year bear market.</p>
<p>The post <a href="https://en.coin-turk.com/techdev-predicts-bitcoins-massive-bear-trap/" data-wpel-link="internal" rel="noopener noreferrer nofollow">TechDev Predicts Bitcoin’s Massive Bear Trap</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

TechDev Predicts Bitcoin’s Massive Bear Trap

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