Cryptocurrency analyst Dave the Wave predicts that Bitcoin could reach $200,000 by the end of 2025, representing a 214% increase from its current value. He supports his prediction with a chart indicating that Bitcoin is forming a cup-and-handle pattern on the weekly chart, which is seen as a bullish continuation pattern. Additionally, he notes that Bitcoin is showing a bullish pattern on the daily chart with higher low and higher high prices. As of now, Bitcoin is trading at $63,700, up 7% in the last seven days.
- Content Editor ( dailyhodl.com )
- 2024-09-26
Here’s an End-of-2025 Price Target for Bitcoin (BTC), According to Trader That Called Bear Market Bottom