Dave the Wave, a popular crypto trader, is predicting the next cycle high of Bitcoin (BTC) which he forecasts to reach nearly $200,000 by the end of 2024. Known for using logarithmic growth curves to track Bitcoin’s price action, Dave the Wave believes that BTC will remain in the higher range of its long-term channel without giving a specific track in it.

Starting from late December 2022, Dave the Wave flipped bullish on Bitcoin when he noticed that a “historic” indicator had finally flashed green. At the time, BTC was trading just over $20,000. Since then, the cryptocurrency has continued to take bigger and bigger steps in the market, with its current price reaching $27,943, rising an impressive 70%.

Speaking about his target for Bitcoin’s next cycle high, Dave the Wave stated on the Wealth99 YouTube channel that December is usually a good time for BTC and predicted a price of $180,000 or even more. He went on to explain that anyone buying into the current “buy zone” of the LGC chart will receive a 7X return, which is still very good. While he cannot specifically say what Bitcoin’s track within its channel will look like, Dave the Wave is confident that BTC will stay within the channel and continue its journey towards the top.

This prediction mark the next stage in Bitcoin’s long journey, with Dave the Wave playing an important role in the current hype by accurately predicting the 2023 turnaround. As we move one step close to the supposedly historic $200,000 number, many investors and traders alike can’t help but get excited and eagerly wait for what the next few years of cryptocurrency’s rise could hold.



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