A veteran crypto trader who has a track record to call Bitcoin’s market picks and bottoms, still thinks BTC is ready to reach this cycle $ 180,000.
The pseudonym analyst known as Dave the Wave tells Are 148,500 followers on the social media platform X that the price of Bitcoin “participates in the weekly Gaussian.”
Gaussian channels are trend indicators that can be used to identify price tops and soils.
Looking at the graph of the trader, he seems to predict that BTC will reach its price target in December 2025 when the median line of the Gaussian canal peaks.
The analyst too explains The recent wild price fluctuations of Bitcoin are not uncommon and that BTC can move higher despite the volatility.
“Seems like a new alarm level on the market … Post the newest pump and dump … but the BTC graph can absorb this kind of nonsense. ”
Bitcoin acts at $ 91,650 at the time of writing, an increase of almost 5% in the past day.
Last week, Dave the Wave suggested that BTC may last in the footsteps of his correction of August 2024 when it dropped to the 0.382 Fibonacci level before the new rallies launched.
“A BTC observation.
Now a real correction of 38% of the move according to the last time. “
Traders use the Fibonacci Retracement Tool to recognize potential input and starting points based on the Fibonacci ratio.
Dave the Wave has also stated that a deep drawing will be the scene for a Bitcoin rally up to the end of the year to around $ 180,000.
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Generated image: midjourney
