So, here’s the scoop – the trader who totally nailed the whole 2021 crypto market nosedive is now singing a different tune. According to this market whisperer, Bitcoin (BTC) is gearing up for a wild rally. Let me break it down for you.
Our man Dave the Wave, who loves to keep things low-key with his 143,500 followers on X (yeah, that’s right, he’s the crypto superhero with a secret identity), is dishing out the deets. He’s pointing fingers at Bitcoin’s monthly chart, where things have apparently gotten cozy with a key support level on the Gaussian channel. Now, what’s that, you ask? Well, it’s like a magical indicator that can sense when prices are about to do a 180.
The Monthly Gaussian Channel: Bitcoin’s Trusty Springboard
Dave’s waving his chart around, showing us moments from the past when Bitcoin cozied up to the Gaussian channel on the monthly chart. According to his secret decoder ring, whenever BTC gives this indicator a nod of approval, it usually signals a rally is about to go down.
But wait, there’s more. Our guy Dave isn’t just a one-trick pony. He’s also peering into the crystal ball of 2024, claiming the year might just kick off with a Bitcoin boom. Why? Because the price action is busy crafting a bullish ascending triangle pattern. And guess what? On January 1st, Bitcoin made a grand entrance over the $45,000 threshold, a feat it hadn’t pulled off since the ancient times of 2022.
Buckle Up, New Year Rocket Ahead?
Now, before you get too carried away, Dave wants to keep it real. He thinks most folks aren’t expecting Bitcoin to skyrocket to new all-time highs at warp speed.
“I don’t think many BTC observers are expecting anything like this [chart],” he says, probably with a sly grin hidden behind his mysterious online persona.
As I scribble this down, Bitcoin is out there doing its thing, trading at $45,123, proudly flaunting a 3.3% gain in the last 24 hours. Let’s see where this wild crypto rollercoaster takes us next!