A New Forecast From The Analyst Who Knows The Previous Bitcoin Crash!

Correctly predicting the 2021 Bitcoin (BTC) crash, the crypto analyst revealed his 2023 price target for the top crypto asset.

The analyst, known in the crypto market as Dave the Wave, told 133,600 Twitter followers that his target for king crypto this year is over $40,000. told.

“A technical target of $42,000 this year to get BTC out of the ‘buy zone’…”

Bitcoin price target

Koinfinans.com As we reported, Bitcoin is trading at $ 20,897 at press time. The top-ranked crypto-asset by market cap has lost 1.82% in the last 24 hours, but gained more than 19% in the past week. BTC is trading around 70% below its all-time high of $69,000, which it reached in November 2021.

Citing an analysis he wrote two years ago, Dave the Wave questioned whether Bitcoin's bullish and bearish cycles will become increasingly erratic as the BTC market matures.

“On the chart, the 'loop' appears to be breaking (upward) in a similar way as giant ice sheets break in warmer waters. Nor should it surprise us in the face of the general principle that a maturing market and increased liquidity lead to reduced volatility – a single major volatile spike [ve düzeltme] a series of less volatile variable increases [ve düzeltmelere] why could it be. And so, maturing [ve çok spekülatif olan] The increased liquidity of a market suggests that what should have been the current “commitment” of cycles could be revisited.”

The analyst also says that Bitcoin is witnessing less minor and more real corrections.

“Less nominal corrections and larger real corrections… just as BTC should be on its way to price discovery.”

Bitcoin (BTC) analysis

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