bitcoin The analyst, who managed to correctly predict the decline in the price of last year in May and the target of $ 100,000 in 2021 will not be reached, announced in his latest statements that he thinks BTC will break a new record later this year.
Using the nickname “Dave the Wave”, the analyst said that even if the Bitcoin price drops below $40,000, it still continues to move towards its $100,000 target this year.
One for the bulls.
Aligning the micro with the macro. 100K within striking distance this year… pic.twitter.com/5gKHSeLd3v
— dave the wave🌊🐫 (@davthewave) March 5, 2022
“Bitcoin May Hit $25,000 Before Exit”
Despite this, the analyst also stated that the journey towards $100,000 will have ups and downs. According to the analyst, the BTC price may have to withstand a survivable drop to $25,000 before hitting six-digit levels.
In addition, the technical analyst said that although the BTC price has been hurt recently, looking at the big picture, it is still trading within a wide price range in 2022.
In his messages to his followers, the analyst reminds them to maintain their balance during market declines and to cryptocurrencies He said that “indifference can be a good personal trait.”
Bitcoin price is trading at $ 38,850 at the time of writing, with a 1.40% loss in the last 24 hours. However, the red chart continues to appear in altcoins such as Ethereum, Solana, Cardano and XRP.
The world’s largest cryptocurrency, which had a sudden drop in the days when the Russia-Ukraine war began, recovered after the launch of cryptocurrency donation campaigns to Ukraine, but fell again due to rumors of potential cryptocurrency sanctions to be applied to Russia.
*Not investment advice.