3 Times Knowing Analyst Warned: Bitcoin Price In December…

According to the crypto analyst who correctly spelled BTC May crash, Bitcoin price likely won’t hit $100,000 until December, even amid its rapid growth over the past few weeks.

Analyst: Bitcoin price may not hit $100,000 in December

The analyst, known as Dave the Wave, tells his 80,000 followers that Bitcoin has moved higher in an ascending channel since it bounced off the $30,000 range in July. He says that even if BTC continues to follow the ascending channel, it will still not be at $100,000 until December:

Look at the big picture. Even if the price continues to rise in the channel at this rate, it will not reach $100,000 until December.

However, Dave the Wave explains that traders should not confuse their analysis with a firm prediction that Bitcoin will not rise to $100,000 by the end of the year.

Yes, some may misinterpret this post by saying that $100,000 won’t be hit until December. He never says so. What he’s saying is, ‘If the price goes up in the channel at that rate, it won’t hit $100,000 until December.’ This assumption is indisputable.

Dave the Wave: There might be a fix

cryptocoin.com As we reported, in January 2020, Dave the Wave made a bet with fellow crypto analyst PlanB about the potential value of BTC by December 2021. Known for applying the stock-to-flow (S2F) model to Bitcoin, PlanB predicts the peak of a market cycle of $288,000 BTC. The two analysts agreed that a $100,000 BTC by December 2021 would invalidate Dave the Wave’s model.

Dave the Wave also suggests that Bitcoin could form a double top near $65,000 or a second pattern in the price range before it turns bearish again. According to him, Bitcoin is trending bearish on daily timeframes, implying that a correction may be around the corner. “Short-term channel meets resistance at previous ATH (all-time highs)?” says.

The analyst predicted that there would be a drop in BTC price to $ 6,400 in 2019. He also predicted that BTC would see $11,000 before rising to $8,000. He also predicted that BTC could have a bearish wave in the market before the May crash.

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