A well-known crypto analyst, Dave the Wave, is predicting a bright future for Bitcoin. He doesn’t think we’ll see a repeat of the 2021 crash.
No Repeat of 2021?
Dave the Wave, who boasts a large following on X (formerly Twitter), points out key differences between Bitcoin’s current climb and its 2021 run. In 2021, Bitcoin’s price shot up incredibly fast, creating a “parabolic” move that ended in a dramatic crash from around $69,000 to $16,000. This time, he argues, the increase has been more gradual and sustainable, with Bitcoin consistently setting higher highs and higher lows. He believes another massive crash like that is unlikely.
A Bold Prediction
Dave the Wave is feeling bullish. He’s predicting Bitcoin could hit a whopping $160,000 in the next couple of months! He even joked about selling some of his Bitcoin to share the wealth with his family if this prediction comes true.
The Key to Reaching $160,000
According to Dave the Wave, Bitcoin needs to break through a key resistance level around $110,000. If it does, he thinks a rapid price increase towards his target is possible. At the time of writing, Bitcoin is trading just below that level, at approximately $109,628.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
/p>
