Dave The Wave, one of the prominent names in the crypto money market, Bitcoin $96,845.3It points to a significant loss of value that it may experience in the coming weeks. In the light of past data and technical analysis, the strategist predicts that Bitcoin’s value will decrease in a short time and can be recovered by the end of the year.
Market analysis and technical view
Dave The Wave is known as an analyst who accurately predicted Bitcoin’s depreciation in May 2021. A similar scenario for Bitcoin, which fell below $ 50,000 after the summit of $ 74,000 last year, is on the agenda again. Analyst says Bitcoin may decline to $ 81,000 in the short term. This estimate is based on 0.382 Fibonacci retracement level. Dave The Wave also uses Fibonacci extension tools to give investors information about possible purchase and sale points.
In the analysis of the strategist, the logarithmic growth curve (LGC) and the mobile average convergence deviation (MACD) indicator also play an important role. These indicators show that Bitcoin has the potential to rise up to 260,000 dollars by the end of the year. According to Dave The Wave, the end of March points to a technically challenging period, and investors should not expect sudden market movements.
IMPORTANT POINTS FOR INVESTORS
Bitcoin, the current market value exceeding $ 96,000, will decrease in the short term compared to analyzes, but it is expected to recover after this decline. Technical analysis tools are considered as an important reference point in investors’ decision -making processes. Dave The Wave emphasizes that closely monitoring market fluctuations and technical indicators is essential for crypto currency investors.
Analysts, Fibonacci and MACD analyzes, who warned Bitcoin can exhibit irregular movements in the short term, give critical signals. In this context, it is recommended to shape investors’ trading strategies according to these analyzes.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
