Crypto analyst Dave the Wave remains optimistic about Bitcoin’s prospects despite recent setbacks.
Short-Term Targets
Dave the Wave predicts Bitcoin will rise above $100,000 later this year. He believes the cryptocurrency will continue its upward trend as long as it remains above a specific support line.
Long-Term Goals
Based on his logarithmic growth channel indicator, Dave the Wave suggests Bitcoin could reach $300,000 by 2025.
Other Analysts’ Perspectives
- Rekt Capital believes Bitcoin’s current pullback is part of a planned consolidation period. He predicts a breakout into a parabolic uptrend in September.
- Mikybull Crypto advises investors to remain patient and avoid selling during the consolidation phase.
- Jelle recommends investors hold onto their Bitcoin and wait for a breakout to $80,000 before taking profits.
Market Sentiment
Despite the recent decline, analysts believe Bitcoin is still on course for significant growth. They caution investors against being shaken out of their positions during periods of fear and uncertainty.
