Analyst Who Accurately Predicted Bitcoin Prices In 2021 Says $100K Is Coming This Year…But There’s A Catch

A crypto analyst who anticipated the collapse of Bitcoin (CRYPTO: BTC) in May 2021, and then predicted that the apex crypto would not reach $100,000 by the end of 2021, now says BTC is setting up to break above its all-time high later this year.

What Happened: The analyst who goes by the pseudonym “Dave the Wave” told his over 94,000 Twitter followers that even as Bitcoin dips below $40,000, it remains on track to reach $100,000 this year.

He says that the path to reach the lofty price target won’t be a smooth one, telling his followers they may need to withstand a drop to $25,000 before Bitcoin makes a run to six figures.

The Big Picture: The technical analyst also points out that even though Bitcoin has been taking a hit lately, in the larger picture it has remained within a wide trading range so far in 2022.

His message to his Twitter followers is to keep a level head during the market downturn, and reminds them that when it comes to their crypto holdings, “Indifference is a good place to be.” 

As of Sunday morning, Bitcoin was trading at $38,821.10 down 0.83% in the previous 24 hours.

Also Read: If You Invested $100 In Bitcoin, Ethereum And Dogecoin At The Bottom Of US Markets In 2020, Here’s How Much You’d Have Now



This news is republished from another source. You can check the original article here.

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