Dave the Wave 49

Pseudonymous analyst Dave the Wave, known for accurate Bitcoin predictions, believes BTC is primed for a major upward move if it breaks the $105,304 resistance level. He anticipates a multi-month consolidation phase before a surge to new all-time highs, supported by Bitcoin’s position within a long-term upward channel and its resilience above key moving averages. Recent sideways price action, including a dip to $90,000, is attributed to geopolitical tensions in the Middle East. Currently trading at $107,904, Bitcoin remains in a bullish trend, with technical indicators reinforcing optimism for future gains.

Crypto analyst Dave the Wave suggests Bitcoin’s (BTC) current bull run is built on stronger fundamentals compared to its 2021 surge, making a similar collapse unlikely. He highlights that BTC has been forming higher highs and lows since 2023, indicating sustainable growth. The trader predicts a potential parabolic rally if BTC convincingly breaks $110,000, with a short-term target of $160,000 within months. His analysis contrasts with the 2021 scenario, where a steep ascent led to a crash from $69,000 to $16,000. At press time, Bitcoin trades at $109,628, nearing a critical resistance level.

Pseudonymous crypto trader Dave the Wave suggests Bitcoin is demonstrating its strength as an alternative currency or ‘digital gold,’ defying earlier fears of a market panic. BTC has surged from $85,000 in April to over $97,000, with predictions of a June all-time high and a potential year-end target of $160,000. The analyst attributes this bullish outlook to shifting investor sentiment away from the USD and toward crypto assets. Despite the optimism, The Daily Hodl reminds readers to conduct their own research before making high-risk investments.

Pseudonymous analyst Dave the Wave, known for calling Bitcoin’s 2021 downturn, believes BTC is poised for new all-time highs, potentially exceeding $200,000 by December. His prediction relies on the logarithmic growth curve (LGC), which filters out short-term volatility to identify long-term trends. Bitcoin’s recent rally past $90,000 aligns with his model, and the weekly LMACD indicator remains bullish, staying above the zero line since early 2023. Currently trading at $92,651, BTC shows strong momentum, reinforcing the analyst’s optimistic outlook.

Crypto analyst Dave the Wave, known for accurately calling Bitcoin’s 2021 crash, believes BTC is forming an inverse head-and-shoulders pattern—a bullish reversal signal. He predicts Bitcoin could first rally to $89,000, drop to $77,000 support, and then surge past $110,000. Despite current bearish sentiment, he argues the correction is nearly over, attributing market panic to crowd psychology rather than technical indicators. Bitcoin currently trades at $83,500, with the analyst emphasizing its long-term uptrend remains intact.