A cryptocurrency analyst who goes by the pseudonym "Dave the Wave" told his 134,000 Twitter followers that the apex crypto Bitcoin BTC/USD is setting up for a massive move to the upside.
During the previous bull cycle, he predicted the collapse of Bitcoin in May 2021, but then incorrectly called for the apex crypto to reach $100,000 in 2022.
The crypto strategist now says that Bitcoin could explode 676% by 2024 and reach the $180,000 level by late 2024.
A technical target for #btc of 180K late next year... pic.twitter.com/VxVZdwdIBk
— dave the wave (@davthewave) January 28, 2023
The analyst also said that the MACD, a trend reversal indicator, is currently hovering in the same zone as it did before the 2019 BTC surge.
The real possibility of a large #BTC move [manage risk to both sides] -
— dave the wave (@davthewave) January 28, 2023
Weekly MACD in same area -
Histogram as extended -
Price in the lower band/ buy zone - pic.twitter.com/mQMGO6iuTI
At the time of writing, Bitcoin was trading at $23,542, up by 3% in the last seven days.
Also Read: Bitcoin Falls Below $23,000; Holo Emerges As Top Gainer
BTC charts are for investors - buying in a few tranches over a reasonable period of time.... with price in the 'buy zone'... may prove to be a good investment going forward~~
— dave the wave (@davthewave) January 28, 2023
Meanwhile, Crypto Analyst Michaël van de Poppe has predicted that the second half of 2023 won't be kind to crypto markets.
According to him, there's a good likelihood of Bitcoin soaring toward $35,000, while altcoins may experience price increases of three to five times.
Read Next: Pro-Bitcoin Ted Cruz Wants Capitol Vending Machines To Accept Crypto
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