A crypto strategist that Bitcoin’s Meltdown 2021 market has nailed, believes that BTC is still on schedule to generate rallies on the way to new all-time highlights this year.
Pseudonym Dave the Wave tells his 149,200 followers on the social media platform X that Bitcoin looks ready to repeat his Q4 2023 to Q1 2024 -Rally when it rose by almost 180% in just a few months.
The analyst shares a graph suggestion That Bitcoin can reach its price target by November this year.
“A BTC rehearsing would see $ 200,000 at the end of the year.”
The trader says that he is aware that he is doing the bullish Bitcoin forecast despite an uncertain macro -economic background. Dave the Golf out The uncertainty will lead to investors to seek refuge in BTC.
“Some comments [were] worried about the macro environment.
This was dealt with in a recent article, where although BTC is entangled in liquidity events that influence the asset prices, it is also more than an active. It is also a currency, a form of liquidity, digital gold, which will run capital in a time of uncertainty. “
The analyst too out That BTC currently looks weak because investors had so much hope for Bitcoin when it violated the level of $ 100,000.
“Why the huge BTC panic?
Because the previous expectation was too great. “
Dave the Golf too out That he will remain bullish on Bitcoin as long as BTC acts above a crucial level of support.
“That level is S74,000. Wouldn’t see the price below.”
At the time of writing, Bitcoin acts for $ 76.501, a decrease of more than 4% in the day.
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Generated image: midjourney