CandleFocus Bitcoin Setting Up for Potential Pre-Christmas Explosion, According to Trader That Called 2021 Market Collapse
2024-12-08
Author: Content Editor
A cryptocurrency analyst named Dave the Wave predicts that Bitcoin (BTC) may see a significant price increase before Christmas. He believes that BTC is currently in an ascending channel and could reach a target price of $112,000 by December 25th. Looking at the longer-term trend, Dave the Wave suggests that Bitcoin could reach a price range of $180,000 to $220,000 in the first half of 2025. The analyst is also bullish on altcoins and believes that Bitcoin dominance (BTC.D) will decrease, leading to an increase in the value of other digital assets. Dave the Wave notes that Bitcoin follows four-year cycles, and if history repeats itself, a parabolic price increase could be on the horizon. As of now, Bitcoin is trading at around $100,102.
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