CandleFocus Parabolic Breakout for Bitcoin Now in the Cards, According to Analyst That Called Last Bull Market Top
2025-01-20
Author: Content Editor
The veteran crypto analyst, Dave the Wave, believes that Bitcoin (BTC) could experience another parabolic surge beyond its all-time high. He suggests that if BTC breaks resistance at $105,000, it may witness a fresh parabolic rally, potentially reaching around $130,000 by May. Dave the Wave also uses Fibonacci extension levels to identify a potential target of $170,000 for Bitcoin's cycle top. Despite poor sentiment surrounding Ethereum, Dave the Wave still targets a short-term price of around $7,600 for ETH.
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