Benzinga – An analyst known for macro crypto predictions believes the altcoin market is set for significant rallies, similar to those in 2016 and 2021.
What Happened: Pseudonymous analyst TechDev shared with his 451,900 followers on X that he is monitoring the OTHERS chart. This chart tracks the total market cap of crypto, excluding the 10-largest digital assets and stablecoins, Daily Hodl reported on Sunday.
The crypto strategist noted that OTHERS appears to be in a “textbook” bullish formation after breaking out from a rounding bottom pattern.
He stated, “Alts are entering textbook markup.”
TechDev’s chart indicates that OTHERS has printed a pattern similar to the 2016 bull market cycle. The TOTAL3 chart, which excludes Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and stablecoins, showed the same pattern in 2021 before a significant rally.
Based on his analysis, TechDev…
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