Crypto Analyst Predicts Bitcoin 400% Surge To $200,000, Here’s When
December 04 2023 - 5:55AM
NEWSBTC
Crypto analyst Dave the Wave has shared a bullish prediction for
the flagship cryptocurrency, Bitcoin. He believes that the crypto
token could rise to as high as $200,000 and even provided a
timeframe using technical analysis. 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 known the fact that BTC’s moving
average convergence divergence (MACD) indicator seems very
bullish. Related Reading: Dogecoin Price Rallies To 4-Month
Highs – Can Bulls Take It Above $0.3? 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 hitting $200,000 could
be front-run by a year, meaning that it could happen as soon as
December 1, 2024. He noted that this could happen when most people
are anticipating this price level. Dave the Wave had also
earlier predicted that Bitcoin could hit a new all-time high before
the year ran out. Based on the chart he shared then, he hinted that
the BTC price could hit $69,000 this year. The crypto analyst
doesn’t seem to have given up on that happening, as he recently
shared an updated chart suggesting that Bitcoin could still hit
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 to so much excitement from the
crypto community. Bitcoin is on a run right now and many believe
that it is only up from here on. The reason for this rally has so
far been attributed partly to an imminent approval of a Spot
Bitcoin ETF. Others believe that it is simply because the Bitcoin
Halving is around the corner. Related Reading: XRP Price Set To
Explode: Analyst Identifies Trigger For Next Parabolic Move
Whatever the reason is, what is most obvious is the significant
amount of investors trooping into the crypto market right now, with
Bitcoin in particular. Two weeks ago, BTC saw inflows totaling
US$312m, bringing its year-to-date inflows to just over US$1.5
billion. Liquidity is also flowing into the ecosystem of other
tokens like Ethereum, XRP, Solana, Cardano, and BNB. With
Bitcoin above $40,000, Dave the Wave seems more optimistic than
ever. In one of his most recent X posts, he mentioned that BTC
could go “parabolic” if it breaks the upward channel. From the
chart he shared, $44,000 seems to be the next stop for the flagship
cryptocurrency. At the time of writing, Bitcoin is trading at
around $41,400, up by over 5% in the last 24 hours according to
data from CoinMarketCap. Featured image from Decrypt, chart
from Tradingview.com
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