Popular Analyst Dave The Wave Says Bitcoin Still Has Wiggle Room, Sets $300,000 Target

Top crypto analyst Dave the Wave gave a bullish narrative for Bitcoin despite the the latest reversal of the flagship crypto. As part of his analysis, he suggested how high Bitcoin can rise in the short and long term.

Bitcoin Will Rise To $300,000

Dave the Wave suggested by X (formerly of Twitter) posted that Bitcoin could rise to $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 expected to happen in 2025.

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Meanwhile, in the short term, Dave the Wave expects Bitcoin to do it raised more than $100,000 later this year. He emphasized the ascending diagonal line, which Bitcoin continued to hold as support and even its follow-through the latest drop below $67,000. Therefore, the analyst believes that the top crypto will remain in an upward trend for many months until it holds above the line.

Crypto Analyst Rekt Capital and suggested that there is no need to worry about Bitcoin pullback, he said that this setback will not last forever. Actually, he he commented that everything was going according to plan, as the Bitcoin pullback was long overdue based on “historical trends.”

The analyst expects Bitcoin to continue rallying in this Regroup list for a while. Rekt Capital he predicts that the breakout of the ‘Parabolic Uptrend’ phase will probably come in September this year if history repeats itself. This is in line with Dave the Wave’s prediction that Bitcoin will rise above $100,000 later this year.

Rekt Capital and warn Bitcoin investors about being shaken out of their positions. He said that Bitcoin will soon move into “very scary territory” as its price drops to $60,000. He added that this “fear often precedes the greatest financial opportunity.” For another X posthe noted that Bitcoin will bounce back deep enough to convince anyone that run the bull is over, and the crypto-flagship will resume its rise.

BTC Continues

Crypto analyst Mikybull Crypto and share the same sentiment as Rekt Capital’s. He said that BTC is in a range and advises investors not to be swayed. The reviewer had it before called with patience while BTC consolidates in this range. He highlighted a wedge that he said would send the value of Bitcoin to initial goal of $85,000 when a breakout occurs.

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Crypto Jelle analyst again suggested that this is the time for Bitcoin investors to do nothing and sit on their hands. Commentator reshared his profit taking strategywhich showed that Bitcoin investors should only look to take profits when the flagship crypto rises to $80,000.

The featured image was created with Dall.E, a chart from Tradingview.com