CandleFocus Trader That Called May 2021 Bitcoin Collapse Says Rapid Move to $150,000 BTC Wouldn’t Be Extraordinary
2024-12-11
Author: Content Editor
The content discusses a prediction made by a veteran trader, known as Dave the Wave, who accurately predicted the crypto market collapse in May 2021. According to Dave, a sudden 55% rally for Bitcoin (BTC) to $150,000 is possible in the near future. He shares a chart showing that BTC has been trading within a large ascending broadening wedge, with a potential upper bound near $150,000 by April. Dave also mentions that BTC is currently trading in a smaller ascending channel, indicating short-term support. Additionally, he is bullish on altcoins, suggesting that Bitcoin dominance (BTC.D) may break down, leading to a rise in altcoins. The article concludes by stating that Bitcoin is currently trading at $96,477.
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