An experienced trader who correctly predicted the collapse of the crypto market in May 2021 predicts that Bitcoin will be in the near future. $97,963.4He stated that it is possible for (BTC) to quickly rise to the $150,000 level.
Bitcoin’s Potential Rise
Veteran cryptocurrency analyst Dave the Wave shared his current predictions for the markets on social media platform X. The analyst stated that it would not be an extraordinary situation for BTC to suddenly rise by 55%. Based on the charts he shared, he suggested that BTC is trading within an ascending expanding channel and could reach around $150,000 by April.
“It wouldn’t be extraordinary if BTC moves to $150,000 this southern summer…” – Dave the Wave
The report published by Axios the other day included speculation that Trump also wanted the BTC price to reach 150 thousand dollars. Trump’s son Eric said he was aiming for $1 million.
Predictions for Altcoins
The trader noted that Bitcoin market dominance (BTC.D) looks set to decline, indicating an increase in altcoins. He shared with his followers charts showing BTC.D breaking out of a negative ascending channel and reaching a diagonal resistance level at approximately 57%.
The current situation of Bitcoin and the dynamism in the market increases the trader’s optimism towards altcoins. BTC.D’s decline could be an opportunity for investors to diversify their portfolios and turn to altcoins.
Investors keep a close eye on market movements, keeping an eye on Dave the Wave’s analysis. If Bitcoin reaches these levels, a significant movement is expected in the crypto market in general.
In conclusion, the possible rise of Bitcoin in the near future and the expected increase in altcoins offer significant opportunities in the crypto market. It may be useful for investors to follow these trends carefully and determine their strategies accordingly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
