CandleFocus Possible Bitcoin Q4 Fireworks in the Wings As Indicator Comes in Hot, Says Trader That Called 2021 BTC Collapse
2024-09-17
Author: Content Editor
The trader, known as Dave the Wave, believes that Bitcoin could see gains in the fourth quarter based on the weekly moving average convergence divergence (MACD) indicator, which is approaching a reset. Dave the Wave points to a previous instance in late 2023 when the MACD reset, which led to a significant price increase. He also shared a Bitcoin chart estimating that BTC could reach a price range of $135,000 by 2025. The trader's chart suggests that Bitcoin may start gaining bullish momentum in the coming months and experience parabolic rallies in 2025. Dave the Wave previously shared a chart indicating that BTC could break resistance levels starting from October 1st. Bitcoin is currently trading at $58,144.
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