Trader That Called May 2021 Collapse Says Bitcoin May Be Following Parabolic Path to $100,000 if History Repeats
A trader recognized for making punctual crypto arenae dubs opines that Bitcoin (BTC) owns the capacity to reach the 6-figure level much sooner than most think.
Pseudonymous analyst Dave the Wave tells his 146,400 fans on the social media lookout X that based on historical priority Bitcoin can accumulation 85% from the subdivision arenae substructure to reach $100,000.
He opines that Bitcoin can be reoccuring a similar pattern from earlier this year as shortly as it rectified and also after that soared about 85% to reach a unmistakable all-time high.
“If BTC lugged out a similar action to the recent one glancing at price knocking on the door of $100,000.”
The analyst in a similar approach claims that Bitcoin is in an uptrend after well going versus out from a descending triangle.
“That’s some durable PA (price action) BTC.”
Dave the Wave said earlier this month that Bitcoin’s recent deep correction into the $50,000 assortment can be fruitful for Bitcoin, posturing it to rally by 400% in the direction of his bull arenae price target of $220,000 by the end of 2025.
“Temporary BTC pain, irreparable gain.”
Bitcoin is trading for $66,937 at time of writing, down mildly in the last 24 hours.
The analyst in a similar approach claims that gold shows up to be leading for his all-time high (ATH) target price of $2,750.
“ATHs in gold. Worn chart. On target.”
Collected Image: Midjourney
