Crypto analyst Dave the Wave has shared a bullish prediction for the flagship cryptocurrency, Bitcoin. He believes that the crypto token may rise to as excessive as $200,000 and even offered a timeframe utilizing technical evaluation.
When Bitcoin Will Hit $200,000
In a publish shared on his X platform, Dave the Wave shared an accompanying chart that put Bitcoin’s worth at $200,000 on December 1, 2025. Alongside this, he made identified the truth that BTC’s shifting common convergence divergence (MACD) indicator appears very bullish.
The crypto analyst went on to offer one other state of affairs on how issues may play out by way of this worth projection. According to him, Bitcoin hitting $200,000 might be front-run by a 12 months, which means that it may occur as quickly as December 1, 2024. He famous that this might occur when most individuals are anticipating this worth stage.
Dave the Wave had additionally earlier predicted that Bitcoin may hit a brand new all-time excessive earlier than the 12 months ran out. Based on the chart he shared then, he hinted that the BTC worth may hit $69,000 this 12 months. The crypto analyst doesn’t appear to have given up on that taking place, as he lately shared an up to date chart suggesting that Bitcoin may nonetheless hit that worth stage earlier than 2024.
BTC worth clears $41,000 | Source: BTCUSD on Tradingview.com
BTC Price Above $41,000
The flagship cryptocurrency broke above $41,000 to a lot pleasure from the crypto neighborhood. Bitcoin is on a run proper now and plenty of consider that it’s only up from right here on. The motive for this rally has to date been attributed partly to an imminent approval of a Spot Bitcoin ETF. Others consider that it’s just because the Bitcoin Halving is across the nook.
Whatever the reason being, what’s most blatant is the numerous quantity of buyers trooping into the crypto market proper now, with Bitcoin specifically. Two weeks in the past, BTC noticed inflows totaling US$312m, bringing its year-to-date inflows to simply over US$1.5 billion. Liquidity can also be flowing into the ecosystem of different tokens like Ethereum, XRP, Solana, Cardano, and BNB.
With Bitcoin above $40,000, Dave the Wave appears extra optimistic than ever. In one among his most up-to-date X posts, he talked about that BTC may go “parabolic” if it breaks the upward channel. From the chart he shared, $44,000 appears to be the following cease for the flagship cryptocurrency.
At the time of writing, Bitcoin is buying and selling at round $41,400, up by over 5% within the final 24 hours based on information from CoinMarketCap.
Featured picture from Decrypt, chart from Tradingview.com