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Home»Bitcoin»Here’s How Bitcoin Hits $180,000 This Cycle, According to Analyst That Called 2021 Top
Bitcoin

Here’s How Bitcoin Hits $180,000 This Cycle, According to Analyst That Called 2021 Top

March 6, 2025No Comments2 Mins Read
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A well-known crypto trader, who goes by the pseudonym Dave the Wave, is making bold predictions about Bitcoin’s price movement. With a track record of accurately calling market tops and bottoms, Dave believes that BTC is on track to reach $180,000 in this current cycle.

Using Gaussian channels as trend indicators, Dave points to Bitcoin’s price trajectory on the weekly chart. He predicts that Bitcoin will reach his target price by December 2025, when the median line of the Gaussian channel peaks. Despite recent volatile price swings, the analyst remains confident that BTC can continue to climb higher.

Referring to a chart analysis, Dave suggests that Bitcoin’s recent price fluctuations are not cause for alarm and that the market can absorb such movements. He also notes that Bitcoin’s current price is around $91,650, reflecting a nearly 5% increase in the past day.

Drawing parallels to a previous correction in August 2024, Dave highlights similarities in Bitcoin’s recent price action. He mentions a 38% correction from the recent upward move, indicating potential entry and exit points based on the Fibonacci retracement tool.

Looking ahead, Dave predicts that a deep drawdown could pave the way for Bitcoin to rally towards $180,000 by the end of the year. This bullish outlook aligns with his previous successful calls on Bitcoin’s market movements.

To stay updated on the latest crypto news and price action, readers are encouraged to subscribe for email alerts and follow The Daily Hodl on social media platforms such as Twitter, Facebook, and Telegram. By staying informed, traders can make better-informed decisions in the ever-changing crypto market landscape.

See also  How Tokenization Brings DeFi Innovation to Traditional Finance

As always, it’s essential to conduct thorough research and consider various factors before making investment decisions in the volatile world of cryptocurrency. With expert analysis and insights from traders like Dave the Wave, investors can navigate the market with more confidence and clarity.

Analyst Bitcoin called Cycle Heres hits Top
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Bitcoin Primed for New All-Time High After Correction, According to Trader Who Nailed 2018 BTC Bottom – Here’s His Target

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