Bitcoin (BTC) Price Poised For 400% In Coming Months ! Here’s When and How
The post Bitcoin (BTC) Price Poised For 400% In Coming Months ! Here’s When and How appeared first on Coinpedia Fintech News
According to well-known technical analyst Dave the Wave, Bitcoin (BTC) is poised for a significant upward movement. With a track record of accurate predictions in the crypto space, Dave suggests that Bitcoin has already hit its bottom, indicating an exciting journey ahead. This article delves into Dave’s analysis, highlighting the basis for his bullish outlook and projecting a jaw-dropping Bitcoin price of $157,512 by 2025.
Dave relies on the logarithmic growth curve (LGC), a tool he uses to estimate long-term highs and lows for Bitcoin. By disregarding short-term volatility, he presents a compelling chart that indicates a potential price surge. According to Dave, Bitcoin could reach an astonishing $157,512 by 2025.
With a consensus building that the #btc bottom is in, the question increasingly raised is what could the next top be.
A proportionate response within the parameters of the LGC… performing since 2018 – https://t.co/A9YuLN3gVR
— dave the wave (@davthewave) June 18, 2023
To support his bullish outlook, Dave analyzes historical price patterns and Fibonacci extension levels. He notes that Bitcoin’s recent bottom around $27,042 resembles a significant price pattern observed in 2016, which led to a remarkable multi-year bull run. This similarity reinforces his optimism about Bitcoin’s future performance.
Dave previously identified strong support levels between $22,000 and $26,000 for Bitcoin, which have played a crucial role in its recent recovery. As of now, Bitcoin has surpassed the $30,000 milestone and is currently trading at $30,198, indicating a 6.6% surge in the last 24 hours.
Based on Dave the Wave’s analysis, Bitcoin could potentially reach $1 million by 2025, generating significant market buzz and the potential for an all-time high before Q4. If the market stabilizes, Bitcoin might experience a 421% rise, as indicated by Dave. The article concludes by inviting readers to share their thoughts on what lies ahead for the world of cryptocurrency.
Filed under: Bitcoin - @ June 23, 2023 10:07 am