Analyst Who Predicted May 2021 Crypto Crash Now Says Bitcoin Set To Surge To This Price By 2024

A cryptocurrency analyst who goes by the pseudonym "Dave the Wave" told his 134,000 Twitter followers that the apex crypto Bitcoin BTC/USD is setting up for a massive move to the upside.

During the previous bull cycle, he predicted the collapse of Bitcoin in May 2021, but then incorrectly called for the apex crypto to reach $100,000 in 2022.

The crypto strategist now saysthat Bitcoin could explode 676% by 2024 and reach the $180,000 level by late 2024.

A technical target for #btc of 180K late next year… pic.twitter.com/VxVZdwdIBk dave the wave (@davthewave) January 28, 2023

The analyst also said that the MACD, a trend reversal indicator, is currently hovering in the same zone as it did before the 2019 BTC surge.

The real possibility of a large #BTC move [manage risk to both sides] –

Weekly MACD in same area –
Histogram as extended –
Price in the lower band/ buy zone – pic.twitter.com/mQMGO6iuTI dave the wave (@davthewave) January 28, 2023

At the time of writing, Bitcoin was trading at $23,542, up by 3% in the last seven days.

Also Read:Bitcoin Falls Below $23,000; Holo Emerges As Top Gainer

BTC charts are for investors – buying in a few tranches over a reasonable period of time…. with price in the ‘buy zone’… may prove to be a good investment going forward~~ dave the wave (@davthewave) January 28, 2023

Meanwhile, Crypto AnalystMichalvan de Poppehas predicted that the second half of 2023 won't be kind to crypto markets.

According to him, there's a good likelihood of Bitcoin soaring toward $35,000, while altcoins may experience price increases of three to five times.

Read Next:Pro-Bitcoin Ted Cruz Wants Capitol Vending Machines To Accept Crypto

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