A crypto analyst with a large following is sharing his predictions for Bitcoin’s bull market price, drawing comparisons to previous cycles. The analyst, known as TechDev, has posted a chart on the social media platform X that illustrates the similarities between Bitcoin’s current market cycle and the one from 2020-2021. Using the Elliott Wave theory, which suggests that assets go through five main bullish waves, TechDev speculates that Bitcoin is currently in its final bullish move, which could push its price to nearly six figures by the end of this year. TechDev also points out that Bitcoin’s relative strength index (RSI), a popular momentum indicator, has cooled off, indicating the potential for another significant upside move for the cryptocurrency. The analyst previously predicted that Bitcoin would rally by over 120%, similar to the surge it experienced in late 2020. At the time of writing, Bitcoin is trading at $63,330.