A crypto analyst who accurately predicted the 2021 crypto crash is warning of another potential Bitcoin (BTC) price drop.
Bitcoin’s Potential Dip
Dave the Wave, a popular analyst with a large social media following, believes Bitcoin is about to experience a significant price correction. He suggests BTC is currently testing support around $90,000 and expects it to fall further, potentially mirroring its late 2024 price action. His prediction points to a drop to approximately $80,000, reaching the 0.382 Fibonacci level. He’s watching the MACD indicator closely, anticipating it to hit zero on the weekly chart before the anticipated drop.
A Bearish Outlook, But with a Silver Lining
While Dave the Wave is pessimistic about the short-term future of Bitcoin, he anticipates this downturn will be followed by a substantial rally. He predicts Bitcoin could reach $180,000 by the end of the year.
Current Bitcoin Price and Disclaimer
At the time of writing, Bitcoin is trading at approximately $91,529. Remember, this is just one analyst’s opinion and the cryptocurrency market is inherently volatile. Always do your own research before making any investment decisions. Any investment carries risk, and you could lose money.
