Renowned for his accurate crypto market predictions, the trader known as Dave the Wave has shared his ambitious price target for Bitcoin (BTC) by the end of 2025. According to this expert who previously called the bear market bottom, Bitcoin (BTC) could see a dramatic increase in value as we approach the end of the year.
Pseudonymous analyst Dave the Wave informs his 146,900 followers on the social platform X that Bitcoin might surge nearly 214% from its current price by next year’s conclusion.
Dave the Wave employs his unique logarithmic growth channels (LGC) to chart Bitcoin’s trajectory, aiming to pinpoint market cycle peaks and troughs while filtering out short-term fluctuations and noise.
“BTC technical target of $200,000 by the end of 2025.”
Potential Bullish Patterns for Bitcoin (BTC)
The analyst also mentions Bitcoin’s formation of a cup-and-handle pattern on the weekly chart. This pattern is often seen as a bullish continuation signal, suggesting that Bitcoin might be pausing before overcoming a crucial resistance level.
“BTC cup and handle anyone?”
Bitcoin’s End-of-Year Market Outlook
Furthermore, he suggests that Bitcoin could close the year on a positive note as it appears to be forming a bullish pattern characterized by higher lows and higher highs on the daily chart.
“Setting up for BTC 4th quarter fireworks? Could this signal the start of a turnaround with local higher lows and higher highs?”
Currently, Bitcoin is valued at $63,700, marking a 7% increase over the last week.
Stay updated – Subscribe to receive email alerts directly in your inbox
Monitor Price Action
Follow The Daily Hodl on X, Facebook, and Telegram
Check Out The Daily Hodl Mix
Disclaimer: The opinions expressed at The Daily Hodl do not constitute investment advice. Always perform due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Your trades and transfers are at your own risk, and any incurred losses are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please be aware that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Swill Klitch/Sensvector
For more insights and strategies, Click Here For More Trading tips and strategies.
Discover more from Make Money Online and Work From Anywhere
Subscribe to get the latest posts sent to your email.
