A well-known crypto analyst, Dave the Wave, predicts a massive Bitcoin price surge. He correctly predicted the 2021 and 2022 market peaks and troughs, and now believes Bitcoin is poised for another parabolic rise.
Bitcoin’s Next Big Move?
Dave the Wave, who boasts a large following on X (formerly Twitter), shared a chart suggesting Bitcoin (BTC) could break through resistance at around $105,000. If this happens, he anticipates a rapid climb towards $130,000 by May. However, he also notes support around $92,000. At the time of writing, Bitcoin is trading above this resistance level.
Using Fibonacci extension levels – a common trading tool – Dave the Wave suggests a potential peak of $170,000 for Bitcoin.
Ethereum Outlook
Despite some negative sentiment surrounding Ethereum (ETH), Dave the Wave remains optimistic. He predicts a short-term price target of roughly $7,600 for ETH. At the time of writing, Ethereum is trading at $3,415.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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