Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin despite the flagship crypto\u2019s recent setback. As part of his analysis, he suggested how high Bitcoin could rise in the short and long term.\u00a0 Bitcoin To Rise To As High As $300,000 Dave the Wave suggested in an X (formerly Twitter) post that Bitcoin could rise to as high as $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 sometime in 2025.\u00a0 Related Reading: Crypto Analyst Identifies 5 Altcoins To Buy That Could Be A Good Bet Meanwhile, in the short term, Dave the Wave expects Bitcoin to rise above $100,000 later this year. He highlighted an ascending diagonal line, which Bitcoin has continued to hold as support even following its recent decline below $67,000. As such, the analyst believes that the flagship crypto will remain in a multi-month upward trend as far as it holds above the line.\u00a0 Crypto analyst Rekt Capital also suggested that there was no need to worry about Bitcoin\u2019s pullback, stating that this current pullback would not last forever. In fact, he remarked that everything was going according to plan, as the Bitcoin pullback was long overdue based on \u201chistorical tendencies.\u201d The analyst expects Bitcoin to continue consolidating in this Re-Accumulation range for a while. Rekt Capital predicts that the breakout into the \u2018Parabolic Uptrend\u2019 phase will likely come in September this year if history repeats itself. This aligns with Dave the Wave\u2019s prediction that Bitcoin will rise above $100,000 later this year.\u00a0 Rekt Capital also warned Bitcoin investors about being shaken out of their positions. He stated that Bitcoin will soon be transitioning into \u201cincreasingly fearful territory\u201d as its price drops to as low as $60,000. He added that this \u201cfear tends to precede the point of maximum financial opportunity.\u201d In another X post, he remarked that Bitcoin will retrace deep enough to convince anyone that the bull run is over, and then the flagship crypto will resume its uptrend.\u00a0 BTC Still On Course Crypto analyst Mikybull Crypto also shared a sentiment similar to Rekt Capital’s. He stated that BTC is still in the range and advised investors not to get shaken out. The analyst had earlier called for patience while BTC consolidates in this range. He highlighted a wedge that he claimed would send Bitcoin\u2019s price to an initial target of $85,000 when a breakout occurs.\u00a0 Related Reading: Ethereum Buying Pressure Reaches Critical Level Amid Massive Whale Buying Crypto analyst Jelle also suggested that this is the time for Bitcoin investors to do nothing and just sit on their hands. The analyst reshared his profit-taking strategy, which showed that Bitcoin investors should only look to take profits when the flagship crypto climbs to $80,000.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":624286,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-624261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n
Famous Analyst Dave The Wave Says Bitcoin Still Has Wiggle Room, Sets $300,000 Target<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n