Home

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

11.12.2024 17:00 1 min. read Alexander Zdravkov
SHARE: SHARES
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.”

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.

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.

Telegram

SHARE: SHARES
More Bitcoin News

Support CryptoDNES

QR for the Bitcoin/Ethereum Address:

QR for the Bitcoin/Ethereum Address:

No Comments yet!

Your Email address will not be published.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.