Bitcoin To Be Catapulted To $115k
Bitcoin is trading in the red today, after failing to hit the resistance level of $12k.
At the moment of writing this article, BTC is trading in the red just like most of the other digital assets and the king coin is priced at $11,311.33.
Dave the Wave is the trader who accurately predicted the crash of BTC from back in 2019. Now, it’s been just revealed that the crypto trader is updating his Bitcoin roadmap.
Bitcoin to be catapulted at $115k
He said that the most important digital asset has already managed to resolve the large symmetrical triangle that has kept the market bearish for over two years.
He is now expecting BTC to launch a vertical ascent to $24,000 in the coming months.
It’s also important to note the fact that based on his chart, BTC will probably continue trading inside another triangle until the Q2 of 2021. More than that, it seems like the breakout from this pattern could ignite a manic phase that would catapult BTC to $115,000.
What if. Time to start thinking the end game for this cycle.
Now that the symmetrical triangle has run its course [taking price to the log growth curve], a rise matching the previous, with another correction the length of the previous, would set up nicely for the home stretch. pic.twitter.com/JHCZdrO8l2
— dave the wave (@davthewave) August 6, 2020
Someone commented: “You always said that 7k’s will come and we get that as a warning. I didn’t buy when it was under 10k. Now you say 20k will come which prediction will come first Mr wave? 7ks or 20k ???”
Dave responded with: “I was also always drawing the distinction between long term investing and short term trading.” He also retweeted his previous message:
2] To also provide shorter term calls on BTC price for the trader… this is in effect providing a record for those interested in my alts page which is subscription based. A trader does well indeed if they get most of their calls right [will never get them all].
— dave the wave (@davthewave) August 2, 2020
Stay tuned to see if Dave the Wave predictions become a reality.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.