Historically, a cryptocurrency analyst who foresaw almost all major Bitcoin drops has come up with a prediction this time that delights investors!
Big Bitcoin The analyst, who knows about their decline, says “bull market”!
An analyst who foresaw almost all of Bitcoin’s big drops in the past points to a bull market this time!
As Dave the Wave, who most recently predicted that Bitcoin will start a massive collapse from $ 60,000 The known crypto analyst now says that the Bitcoin bull market will continue.
Dave the Wave, in a new tweet, claimed that Bitcoin will reverse the downward trend in the third quarter of this year.
“On the bright side; Based on the momentum measured by the histogram, we can say that the price is likely to make a comeback by August.”
However, Dave the Wave predicts a rebound for Bitcoin in the coming months says the major crypto has formed a bearish continuation pattern that will pull as low as $20,000 before starting a sustained rise.
“Shorter starting to look like this Shoulder Head (OBO) formation at some point in time, this structure could come into play…”
Earlier this month, crypto analyst reported that Bitcoin entered a falling channel. and suggested that a local summit was formed. At the time, the cryptocurrency was trading below $60,000.
“Of course nothing certain [*especially* in the short term], but the price action is currently making a series of lower highs and lower lows (lower highs and lower lows than the previous one), making its way to lows…. The price appears to have reached a critical level just south of the logarithmic bullish channel peak here.. “
Meanwhile, the analyst had predicted the 2019 and 2020 month seasons, as well as the recent crash.
At that time, the analyst stated that such a large drop would have a devastating effect on the crypto markets, but such a pullback would be necessary for the next parabolic rise.
In his latest prediction, suggests that Bitcoin may show a bearish trend in the near-term, but will soon resume its long-term uptrend.
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