A renowned crypto analyst, TechDev, has made a compelling prediction that altcoins are on the verge of a monumental upswing, reminiscent of the 2017 surge. With a following of over 461,900 on the social media platform X, TechDev's insights have consistently proven accurate, making his latest forecast noteworthy.

TechDev's analysis focuses on the TWO_WEEK chart of OTHERS, a metric that tracks the market capitalization of all cryptocurrencies excluding the top 10 digital assets and stablecoins. He observes a striking similarity between the current setup and the 2017 landscape, just before altcoins experienced a parabolic expansion. The analyst emphasizes the importance of backtesting ideas, stating that none of the bearish predictions he's seen hold up to scrutiny when compared to the 2017 data.

The trader's chart suggests that OTHERS is poised for an expansion phase, mirroring the 2017 scenario, after respecting the 0.382 Fibonacci level. Additionally, the relative strength index (RSI) momentum indicator is expected to print a bullish higher low at its diagonal support, further reinforcing the bullish outlook. To support his stance, TechDev also examines the Bitcoin dominance (BTC.D) index, which indicates that Bitcoin is losing momentum against altcoins, paving the way for an altseason.

TechDev's analysis presents a compelling case for an impending altcoin surge. As Bitcoin consolidates at its prior all-time high, the stage is set for altcoins to take center stage. With the crypto market poised for a significant shift, investors would do well to take note of TechDev's prediction and consider diversifying their portfolios.

In conclusion, TechDev's forecast suggests that the altcoin market is on the cusp of a monumental expansion, mirroring the 2017 surge. With his track record of accurate predictions, investors would be wise to take note of this analysis and prepare for a potential altseason. As the crypto market continues to evolve, staying informed and adapting to changing trends is crucial for success.