A widely followed crypto analyst says that gold remains on target to hit a new massive level early this year.
Crypto market analyst Dave the Wave tells his 154,100 followers on X that gold remains in a bullish ascending channel and that the metal is capable of hitting $5,000 within months.
“Gold: shorter-term target still on track.”
Gold is trading at $4,617 per ounce at time of writing, a marginal increase on the day.
Dave the Wave also says that Bitcoin may be on the verge of leaving a key resistance level at $94,337 behind, setting the top crypto asset up to possibly regain the $100,000 level.
“A BTC breakout here would see a $110,000 target on the shorter-term, and back through that psychologically significant six-figure number.”
Bitcoin is trading for $94,993 at time of writing, up 3.4% in the last 24 hours.
Meanwhile, ETH is trading for $3,328 at time of writing, up 6.4% on the day.
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