{"id":624261,"date":"2024-06-12T23:00:01","date_gmt":"2024-06-12T23:00:01","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=624261"},"modified":"2024-06-12T14:55:26","modified_gmt":"2024-06-12T14:55:26","slug":"dave-the-wave-bitcoin-300000","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/bitcoin\/dave-the-wave-bitcoin-300000\/","title":{"rendered":"Famous Analyst Dave The Wave Says Bitcoin Still Has Wiggle Room, Sets $300,000 Target"},"content":{"rendered":"

Prominent crypto analyst <\/span>Dave the Wave<\/span><\/a> has provided a bullish narrative for Bitcoin despite the <\/span>flagship crypto\u2019s recent setback<\/span><\/a>. As part of his analysis, he suggested how high Bitcoin could rise in the short and long term.\u00a0<\/span><\/p>\n

Bitcoin To Rise To As High As $300,000<\/h2>\n

Dave the Wave<\/span><\/a> suggested in an X (formerly Twitter) <\/span>post<\/span><\/a> 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<\/span><\/p>\n

Related Reading: Crypto Analyst Identifies 5 Altcoins To Buy That Could Be A Good Bet<\/a><\/div>\n
\"BTC
Source: X<\/figcaption><\/figure>\n

Meanwhile, in the short term, Dave the Wave expects Bitcoin to <\/span>rise above $100,000<\/span><\/a> later this year. He highlighted an ascending diagonal line, which Bitcoin has continued to hold as support even following its <\/span>recent decline below $67,000<\/span><\/a>. 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<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

Crypto analyst Rekt Capital<\/span><\/a> also suggested that there was no need to worry about Bitcoin\u2019s pullback, <\/span>stating<\/span><\/a> that this current pullback would not last forever. In fact, he <\/span>remarked<\/span><\/a> that everything was going according to plan, as the Bitcoin pullback was long overdue based on \u201chistorical tendencies.\u201d<\/span><\/p>\n

The analyst expects Bitcoin to continue consolidating in this Re-Accumulation range for a while. Rekt Capital <\/span>predicts<\/span><\/a> 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<\/span><\/p>\n

Rekt Capital<\/span><\/a> also warned Bitcoin investors about being shaken out of their positions. He <\/span>stated<\/span><\/a> 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 <\/span>X post<\/span><\/a>, he remarked that Bitcoin will retrace deep enough to convince anyone that the <\/span>bull run<\/span><\/a> is over, and then the flagship crypto will resume its uptrend.\u00a0<\/span><\/p>\n

\"BTC
Source: X<\/figcaption><\/figure>\n

BTC Still On Course<\/h2>\n

Crypto analyst Mikybull Crypto<\/span><\/a> also shared a sentiment similar to Rekt Capital’s. He <\/span>stated<\/span><\/a> that BTC is still in the range and advised investors not to get shaken out. The analyst had earlier <\/span>called<\/span><\/a> for patience while BTC consolidates in this range. He highlighted a wedge that he claimed would send Bitcoin\u2019s price to an <\/span>initial target of $85,000<\/span><\/a> when a breakout occurs.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Buying Pressure Reaches Critical Level Amid Massive Whale Buying<\/a><\/div>\n
\"Bitcoin
Source: X<\/figcaption><\/figure>\n

Crypto analyst Jelle<\/span><\/a> also <\/span>suggested<\/span><\/a> that this is the time for Bitcoin investors to do nothing and just sit on their hands. The analyst reshared his <\/span>profit-taking strategy<\/span><\/a>, which showed that Bitcoin investors should only look to take profits when the flagship crypto climbs to $80,000.\u00a0<\/span><\/p>\n

\"BTC
Source: X<\/figcaption><\/figure>\n
\"Bitcoin
BTC price recovers toward $70,000 | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
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":"\nFamous Analyst Dave The Wave Says Bitcoin Still Has Wiggle Room, Sets $300,000 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Famous Analyst Dave The Wave Says Bitcoin Still Has Wiggle Room, Sets $300,000 Target","url":"http:\/\/www.uniquehot.com\/news\/bitcoin\/dave-the-wave-bitcoin-300000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.uniquehot.com\/news\/bitcoin\/dave-the-wave-bitcoin-300000\/"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Bitcoin_f49d33.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Bitcoin_f49d33.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-06-12T23:00:01Z","datePublished":"2024-06-12T23:00:01Z","dateModified":"2024-06-12T23:00:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Famous Analyst Dave The Wave Says Bitcoin Still Has Wiggle Room, Sets $300,000 Target\",\"url\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/bitcoin\\\/dave-the-wave-bitcoin-300000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/bitcoin\\\/dave-the-wave-bitcoin-300000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin_f49d33.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin_f49d33.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-06-12T23:00:01Z\",\"datePublished\":\"2024-06-12T23:00:01Z\",\"dateModified\":\"2024-06-12T23:00:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Bitcoin_f49d33.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/624261"}],"collection":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/comments?post=624261"}],"version-history":[{"count":0,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/624261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media\/624286"}],"wp:attachment":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media?parent=624261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/categories?post=624261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/tags?post=624261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}