Crypto analyst Dave the Wave has shared a bullish prediction for the flagship cryptocurrency, Bitcoin. He believes that the crypto token may rise to as excessive as $200,000 and even supplied a timeframe utilizing technical evaluation.
When Bitcoin Will Hit $200,000
In a post shared on his X platform, Dave the Wave shared an accompanying chart that put Bitcoin’s price at $200,000 on December 1, 2025. Alongside this, he made identified the truth that BTC’s moving average convergence divergence (MACD) indicator appears very bullish.
The crypto analyst went on to provide one other state of affairs on how issues may play out when it comes to this worth projection. According to him, Bitcoin hitting $200,000 might be front-run by a yr, which means that it may occur as quickly as December 1, 2024. He famous that this might occur when most individuals are anticipating this worth degree.
Dave the Wave had additionally earlier predicted that Bitcoin may hit a brand new all-time excessive earlier than the yr ran out. Based on the chart he shared then, he hinted that the BTC worth may hit $69,000 this yr. The crypto analyst doesn’t appear to have given up on that taking place, as he lately shared an updated chart suggesting that Bitcoin may nonetheless hit that worth degree earlier than 2024.
BTC worth clears $41,000 | Source: BTCUSD on Tradingview.com
BTC Price Above $41,000
The flagship cryptocurrency broke above $41,000 to a lot pleasure from the crypto group. Bitcoin is on a run right now and lots of consider that it is just up from right here on. The motive for this rally has to date been attributed partly to an imminent approval of a Spot Bitcoin ETF. Others consider that it’s just because the Bitcoin Halving is around the corner.
Whatever the reason being, what’s most blatant is the numerous quantity of buyers trooping into the crypto market proper now, with Bitcoin particularly. Two weeks in the past, BTC saw inflows totaling US$312m, bringing its year-to-date inflows to simply over US$1.5 billion. Liquidity can also be flowing into the ecosystem of different tokens like Ethereum, XRP, Solana, Cardano, and BNB.
With Bitcoin above $40,000, Dave the Wave appears extra optimistic than ever. In one in all his most up-to-date X posts, he mentioned that BTC may go “parabolic” if it breaks the upward channel. From the chart he shared, $44,000 appears to be the following cease for the flagship cryptocurrency.
At the time of writing, Bitcoin is buying and selling at round $41,400, up by over 5% within the final 24 hours in accordance with data from CoinMarketCap.
Featured picture from Decrypt, chart from Tradingview.com
