Crypto analyst Dave the Wave has shared a bullish prediction for the flagship cryptocurrency, Bitcoin. He believes that the crypto token may rise to as excessive as $200,000 and even offered a timeframe utilizing technical evaluation.
When Bitcoin Will Hit $200,000
In a put up shared on his X platform, Dave the Wave shared an accompanying chart that put Bitcoin’s worth at $200,000 on December 1, 2025. Alongside this, he made recognized the truth that BTC’s transferring common convergence divergence (MACD) indicator appears very bullish.
The crypto analyst went on to provide one other state of affairs on how issues may play out when it comes to this worth projection. In keeping with him, Bitcoin hitting $200,000 could possibly be front-run by a 12 months, which means that it may occur as quickly as December 1, 2024. He famous that this might occur when most individuals are anticipating this worth stage.
Dave the Wave had additionally earlier predicted that Bitcoin may hit a brand new all-time excessive earlier than the 12 months ran out. Based mostly on the chart he shared then, he hinted that the BTC worth may hit $69,000 this 12 months. The crypto analyst doesn’t appear to have given up on that occuring, as he lately shared an up to date chart suggesting that Bitcoin may nonetheless hit that worth stage earlier than 2024.
BTC worth clears $41,000 | Supply: BTCUSD on Tradingview.com
BTC Worth Above $41,000
The flagship cryptocurrency broke above $41,000 to a lot pleasure from the crypto group. Bitcoin is on a run proper now and lots of consider that it is just up from right here on. The rationale for this rally has thus far been attributed partly to an imminent approval of a Spot Bitcoin ETF. Others consider that it’s just because the Bitcoin Halving is across the nook.
No matter the reason being, what’s most blatant is the numerous quantity of traders trooping into the crypto market proper now, with Bitcoin specifically. Two weeks in the past, BTC noticed inflows totaling US$312m, bringing its year-to-date inflows to simply over US$1.5 billion. Liquidity can be flowing into the ecosystem of different tokens like Ethereum, XRP, Solana, Cardano, and BNB.
With Bitcoin above $40,000, Dave the Wave appears extra optimistic than ever. In considered one of his most up-to-date X posts, he talked about that BTC may go “parabolic” if it breaks the upward channel. From the chart he shared, $44,000 appears to be the subsequent cease for the flagship cryptocurrency.
On the time of writing, Bitcoin is buying and selling at round $41,400, up by over 5% within the final 24 hours in keeping with information from CoinMarketCap.
Featured picture from Decrypt, chart from Tradingview.com
