Analyst Predicts Bitcoin Could Hit $150K by April Amid Altcoin Optimism

A seasoned crypto analyst, recognized for accurately predicting the May 2021 market crash, has speculated that Bitcoin (BTC) could surge to $150,000 in the coming months.

Dave the Wave stated that such a move, representing a 55% jump, would align with historical patterns.

The chart accompanying his analysis highlights Bitcoin’s movement within a broad ascending wedge, suggesting the possibility of BTC reaching $150,000 by April if it touches the wedge’s upper boundary. Dave the Wave noted, “A BTC move to $150,000 this southern summer would not be extraordinary.”

A #btc move to 150K this southern summer would not be extraordinary…😎 pic.twitter.com/KivaXZQgRS

— dave the wave🌊🌓 (@davthewave) December 8, 2024

Focusing on the short term, he pointed out that Bitcoin is holding its position within a smaller ascending channel, currently trading near the lower support level. At the time of analysis, Bitcoin’s price was $96,477.

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The trader also expressed optimism for altcoins, highlighting a potential decline in Bitcoin dominance (BTC.D). His chart indicated that BTC.D might be breaking down from a bearish ascending wedge and facing diagonal resistance at the 57% mark, signaling an opportunity for altcoins to rally.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.