A Crypto Analyst Predicts a Bull Run for Bitcoin as Market Sentiment Improves
A well-known crypto analyst recently shared insights on the future of Bitcoin (BTC), suggesting that the leading cryptocurrency is poised for a significant price surge as market sentiment improves.
On the social media platform X, pseudonymous trader Dave the Wave informed his 152,600 followers that Bitcoin is demonstrating resilience as an alternative currency or digital form of gold, even during times of market uncertainty when conventional wisdom might suggest otherwise.
According to Dave the Wave, if Bitcoin continues its current momentum, it could surpass its previous all-time high of around $109,000 in the coming weeks. The analyst’s chart indicates that Bitcoin is on track to reach this milestone by June and potentially hit $160,000 by the end of the year, surpassing its previous peak.
As of the latest update, Bitcoin is trading at $97,499, showing a slight increase from the previous day’s value. Just a few days ago, the cryptocurrency was priced at just under $85,000, indicating a steady upward trend.
Stay Updated with The Daily Hodl
For more cryptocurrency news and updates, follow The Daily Hodl on X, Facebook, and Telegram. Subscribe to receive email alerts directly to your inbox and keep track of price action and market trends with The Daily Hodl Mix.
Featured Image: Shutterstock/Panuwatccn/Vandathai