A crypto trader who accurately predicted the Bitcoin crash in May 2021 is now saying that Bitcoin is poised for a big jump in price by the end of the year.
Bitcoin’s Price Range and Potential Breakout
The trader, known as Dave the Wave, shared a chart with his followers showing that Bitcoin is currently trading within a range between $54,000 and $74,000. He believes that this range will eventually break, leading to a significant price increase.
Dave the Wave explains that while Bitcoin’s price has been stuck in this range for months, it’s actually trading at an all-time high. This stability, he says, is a positive sign, suggesting that Bitcoin is building momentum for a future surge.
Long-Term Bullish Outlook
Dave the Wave has previously predicted that Bitcoin could reach $220,000 by the end of 2025. He believes that the recent correction to the $50,000 range was a healthy adjustment that will ultimately lead to a massive rally.
Bitcoin’s Current Price and Potential for Growth
At the time of writing, Bitcoin is trading at $54,291, down over 10% for the day. However, Dave the Wave’s prediction suggests that this dip could be a temporary setback before a significant price increase in the fourth quarter.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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