CandleFocus Trader That Called May 2021 Crypto Collapse Says 160% Bitcoin Rally ‘Perfectly Feasible’ – Here’s Why
2024-10-31
Author: Content Editor
A well-known crypto analyst named Dave the Wave predicts that Bitcoin (BTC) could reach six-figures in the current market cycle. He suggests that the Elliott Wave theory indicates a potential 160% surge in BTC. Dave the Wave believes that Bitcoin is currently on the fifth wave and could rise to $180,000. He also points out that Bitcoin is showing bullish patterns such as a breakout from an ascending triangle and a cup-and-handle formation, which indicate a continued upward trend. Additionally, he suggests similarities between the current market and the 2018-2020 period, potentially leading to a significant breakout. At the time of writing, Bitcoin is trading at $72,274.
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