Crypto analyst Dave the Wave has shared a bullish forecast for the flagship cryptocurrency, Bitcoin. He believes the crypto token could reach $200,000 and even yield a time frame using technical analysis.
When Bitcoin will reach $200,000
In a after shared on his X platform, Dave the Wave shared an accompanying card featuring Bitcoin’s price at $200,000 on December 1, 2025. In addition, he announced that the shares of BTC moving average convergence divergence (MACD) indicator seems very bullish.
The crypto analyst went on to give another scenario on how things could play out in terms of this price projection. According to him, Bitcoin reaches $200,000 could happen a year earlier, meaning it could happen as early as December 1, 2024. He noted that this could happen when most people anticipate this price level.
Dave the Wave had predicted that earlier too Bitcoin could set a new all-time high before the year was out. Based on the chart he shared at the time, he hinted that the BTC price could reach $69,000 this year. The crypto analyst doesn’t seem to have given up on this event, as he recently shared updated chart suggesting Bitcoin could reach that price level before 2024.
BTC price clears $41,000 | Source: BTCUSD on Tradingview.com
BTC price above $41,000
The flagship cryptocurrency broke above $41,000 amid so much excitement from the crypto community. Bitcoin is number one run right now and many believe it will only happen from here on out. The reason for this rally has so far been partly attributed to a upcoming approval of a Discover Bitcoin ETF. Others believe it’s simply because the Bitcoin halving is just around the corner.
Whatever the reason, the most obvious is the significant number of investors currently entering the crypto market, especially Bitcoin. Two weeks ago, BTC saw premium income totaled $312 million, bringing annual inflows to just over $1.5 billion. Liquidity is also flowing into the ecosystem of other tokens such as Ethereum, XRP, Solana, Cardano and BNB.
Now that Bitcoin is above $40,000, Dave the Wave seems more optimistic than ever. In one of his most recent X-posts he said named that BTC could go “parabolic” if it breaks the upward channel. The chart he shared shows that $44,000 is the next stop for the flagship cryptocurrency.
At the time of writing, Bitcoin is trading around $41,400, up more than 5% in the past 24 hours according to facts from CoinMarketCap.
Featured image of Decrypt, chart from Tradingview.com