Famous Analyst Dave The Wave Says Bitcoin Still Has Wiggle Room, Sets $300,000 Goal

Outstanding crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin despite the flagship crypto’s recent setback. As a part of his evaluation, he suggested how high Bitcoin could rise within the short and long run.

Bitcoin To Rise To As High As $300,000

Dave the Wave suggested in an X (formerly Twitter) post that Bitcoin could rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. Based on the chart he shared, BTC’s rally to this unprecedented price level is anticipated to occur sometime in 2025.

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Source: X

Meanwhile, within the short term, Dave the Wave expects Bitcoin to rise above $100,000 later this yr. He highlighted an ascending diagonal line, which Bitcoin has continued to carry as support even following its recent decline below $67,000. As such, the analyst believes that the flagship crypto will remain in a multi-month upward trend so far as it holds above the road.

Source: X

Crypto analyst Rekt Capital also suggested that there was no must worry about Bitcoin’s pullback, stating that this current pullback wouldn’t last perpetually. Actually, he remarked that all the things was going in accordance with plan, because the Bitcoin pullback was long overdue based on “historical tendencies.”

The analyst expects Bitcoin to proceed consolidating on this Re-Accumulation range for some time. Rekt Capital predicts that the breakout into the ‘Parabolic Uptrend’ phase will likely are available September this yr if history repeats itself. This aligns with Dave the Wave’s prediction that Bitcoin will rise above $100,000 later this yr.

Rekt Capital also warned Bitcoin investors about being shaken out of their positions. He stated that Bitcoin will soon be transitioning into “increasingly fearful territory” as its price drops to as little as $60,000. He added that this “fear tends to precede the purpose of maximum financial opportunity.” In one other X post, he remarked that Bitcoin will retrace deep enough to persuade anyone that the bull run is over, after which the flagship crypto will resume its uptrend.

Source: X

BTC Still On Course

Crypto analyst Mikybull Crypto also shared a sentiment just like Rekt Capital’s. He stated that BTC continues to be within the range and advised investors to not get shaken out. The analyst had earlier called for patience while BTC consolidates on this range. He highlighted a wedge that he claimed would send Bitcoin’s price to an initial goal of $85,000 when a breakout occurs.