Prominent crypto analyst bitcoin-vs-ethereum-trader-predicts-the-winner/” rel=”nofollow”>Dave the wave has provided a bullish narrative for bitcoin despite the bitcoin-short-term-holder-profit/” rel=”nofollow”>The recent setback of the flagship cryptocurrency. As part of his analysis, he suggested how high bitcoin could rise in the short and long term.
bitcoin will rise to $300,000
Dave the wave suggested in an x (formerly twitter) x.com/davthewave/status/1799949111724249446″ rel=”nofollow”>mail that bitcoin could rise as high as $300,000 based on its log growth channel (LGC) indicator. According to the chart he shared, btc's rally to this unprecedented price level is expected to occur sometime in 2025.
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Meanwhile, in the short term, Dave the Wave expects bitcoin rise above $100,000 later this year. He highlighted an ascending diagonal line, which bitcoin has continued to hold as support even after its recent drop below $67,000. As such, the analyst believes that the flagship cryptocurrency will remain in a multi-month upward trend as long as it remains above the line.
bitcoin-danger-zone-in-2-days-crypto-expert-explains-what-this-means/” rel=”nofollow”>crypto Analyst Rekt Capital He also suggested that there was no need to worry about bitcoin's pullback. x.com/rektcapital/status/1800555311323029821″ rel=”nofollow”>indicating that this current setback would not last forever. In fact, the x.com/rektcapital/status/1800556564509769960″ rel=”nofollow”>commented that everything was going according to plan, as bitcoin's pullback was long overdue due to “historical trends.”
The analyst expects bitcoin to continue consolidating in this reaccumulation range for a while. Capital Rekt x.com/rektcapital/status/1799550849472926122″ rel=”nofollow”>predict that the breakout into the 'parabolic uptrend' phase will likely occur in September this year if history repeats itself. This lines up with Dave the Wave's prediction that bitcoin will surpass $100,000 by the end of this year.
Capital Rekt He also warned bitcoin investors that they could be kicked out of their positions. He x.com/rektcapital/status/1800570598520676368″ rel=”nofollow”>fixed that bitcoin will soon transition into “increasingly scary territory” as its price falls to $60,000. He added that this “fear tends to precede the point of maximum financial opportunity.” In other x.com/rektcapital/status/1800557994855547361″ rel=”nofollow”>x publicationcommented that bitcoin will retrace deep enough to convince anyone that the bitcoin-bull-market-glassnode/” rel=”nofollow”>confinement is over, and then the flagship cryptocurrency will resume its uptrend.
btc is still on course
bitcoin-price-set-to-sprint-toward-40000/” rel=”nofollow”>crypto Analyst Mikybull crypto also shared a similar sentiment as Rekt Capital. He x.com/MikybullCrypto/status/1800483809932243401″ rel=”nofollow”>fixed that btc is still range-bound and advised investors not to get carried away. The analyst had previously x.com/MikybullCrypto/status/1800156964376424628″ rel=”nofollow”>called Please be patient while btc consolidates in this range. He highlighted a wedge that he claimed would send the price of bitcoin to a bitcoin-breaks-through-69000-setting-new-record/” rel=”nofollow”>initial goal of $85,000 when a breakup occurs.
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bitcoin-bullish-flag-holds-amidst-mt-gox-transfers/” rel=”nofollow”>Jelle crypto Analyst also x.com/CryptoJelleNL/status/1800616613605224920″ rel=”nofollow”>He suggested that this is the time for bitcoin investors to do nothing and sit idly by. The analyst shared his bitcoin-sellers-short-term-holder-profit-taking-32/” rel=”nofollow”>profit taking strategywhich proved that bitcoin investors should only look to profit when the flagship cryptocurrency rises to $80,000.
Featured image created with Dall.E, chart from Tradingview.com
