According to a popular crypto analyst known as TechDev, Bitcoin is showing similarities to the past movements of a major stock index, suggesting that it could be entering a new bull market. TechDev believes that Bitcoin's current price surge could be the beginning of an eight-year-long bull run, similar to the rally experienced by the Nikkei, the Japanese stock index, in the 1970s. TechDev predicts that as Bitcoin gains mass attention, prices could increase rapidly, and highlights that only a short period of time is responsible for the majority of Bitcoin's gains over the past decade. As of now, Bitcoin is being traded at $69,000.



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