Crash

bullish

Bitcoin

Bold

<p data-pm-slice="1 1 []">A trader known for accurately predicting the May 2021 <strong>crypto market crash</strong> is back with a striking new prediction: Bitcoin (BTC) could skyrocket to $150,000 in the near future. Using the alias Dave the Wave, this trader has shared insights that have crypto enthusiasts buzzing. Let’s break down his analysis and what it means for the broader market.</p> 
<p data-pm-slice="1 1 []"><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-67567 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Trader Who Predicted 2021 Crash Makes Bold Bitcoin Forecast = The Bit Journal" width="728" height="90" title="Trader Who Predicted 2021 Crash Makes Bold Bitcoin Forecast 49" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px"></a></p> 
<h2 id="bitcoin-s-path-to-150-000">Bitcoin’s Path to $150,000</h2> 
<p>Dave the Wave, widely followed for his accurate market calls, recently shared a chart on social media showcasing Bitcoin’s movement within a large, rising broadening wedge. According to his analysis, BTC could reach an upper limit of around <strong>$150,000</strong> by April. He emphasizes that a <strong>55% rally</strong> in Bitcoin’s value isn’t out of the question, stating, “BTC reaching $150,000 by summer wouldn’t be extraordinary.”</p> 
<p>Currently, Bitcoin is trading near $96,477, with its short-term movements also pointing toward a strong support level. Dave suggests that BTC is operating within a smaller ascending channel, adding that the current support levels appear resilient.<img loading="lazy" decoding="async" class="size-full wp-image-75640 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/GeTeCokbwAAsm4O.jpg" alt="Trader Who Predicted 2021 Crash Makes Bold Bitcoin Forecast = The Bit Journal" width="1835" height="859" title="Trader Who Predicted 2021 Crash Makes Bold Bitcoin Forecast 50" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/GeTeCokbwAAsm4O.jpg 1835w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/GeTeCokbwAAsm4O-300x140.jpg 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/GeTeCokbwAAsm4O-1024x479.jpg 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/GeTeCokbwAAsm4O-768x360.jpg 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/GeTeCokbwAAsm4O-1536x719.jpg 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/GeTeCokbwAAsm4O-860x403.jpg 860w" sizes="(max-width: 1835px) 100vw, 1835px"></p> 
<h2 id="bitcoin-dominance-on-the-decline">Bitcoin Dominance on the Decline?</h2> 
<p>In addition to price predictions, Dave the Wave also highlighted a potential shift in <strong>Bitcoin dominance</strong> (BTC.D), which measures Bitcoin’s share of the total cryptocurrency market. He notes that Bitcoin’s dominance is forming a descending wedge, potentially paving the way for a surge in <strong>altcoins</strong>.</p> 
<p>His analysis shows BTC.D hitting a resistance level at <strong>57%</strong>, hinting at a possible decline. If dominance continues to decrease, it could signal a broader altcoin rally. As Dave puts it, the market may be “at the quarter mark” of a significant shift.</p> 
<h2 id="the-importance-of-bitcoin-dominance">The Importance of Bitcoin Dominance</h2> 
<p><strong>Bitcoin dominance</strong> plays a crucial role in understanding market trends. High dominance levels indicate Bitcoin’s strength relative to altcoins, often correlating with bearish market cycles. Conversely, a drop in dominance typically aligns with bullish conditions, where altcoins outperform Bitcoin. This metric is a vital tool for investors looking to optimize their strategies based on market cycles.<img loading="lazy" decoding="async" class="size-full wp-image-75642 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Gd778zWbYAA8n54.jpg" alt="Trader Who Predicted 2021 Crash Makes Bold Bitcoin Forecast = The Bit Journal" width="1835" height="859" title="Trader Who Predicted 2021 Crash Makes Bold Bitcoin Forecast 51" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Gd778zWbYAA8n54.jpg 1835w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Gd778zWbYAA8n54-300x140.jpg 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Gd778zWbYAA8n54-1024x479.jpg 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Gd778zWbYAA8n54-768x360.jpg 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Gd778zWbYAA8n54-1536x719.jpg 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Gd778zWbYAA8n54-860x403.jpg 860w" sizes="(max-width: 1835px) 100vw, 1835px"></p> 
<h3 id="what-this-means-for-the-crypto-market">What This Means for the Crypto Market</h3> 
<p>If Dave the Wave’s predictions hold true, the crypto market could be on the brink of significant changes. Bitcoin’s potential rally to $150,000 would undoubtedly capture headlines, but the anticipated decline in <a href="https://thebitjournal.com/best-cryptos-to-invest-in-for-long-term-qubetics-vision-cardanos-sustainability-and-aaves-lending-dominance/" target="_blank" rel="noopener">dominance</a> could also shift attention to altcoins. Whether you’re a Bitcoin holder or an altcoin enthusiast, these forecasts underline the importance of staying informed.</p> 
<p>For more insights into Bitcoin and cryptocurrency trends, follow <strong>The Bit Journal</strong> for the latest updates and expert analysis.</p> 
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Trader Who Predicted 2021 Crash Makes Bold Bitcoin Forecast

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