Bitcoin Is Soon to “Take Off” Towards $100,000

It goes without saying that Bitcoin’s price action over the past few days has shaken many digital asset investors in the industry.

The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows. And what’s more, fears of a steeper correction have grown, with BTC’s failure to bounce back suggesting to some that cryptocurrencies will fall even lower. 

Despite these fears, a top analyst — one who has a good portion of the crypto market’s price action over the past few months — is suggesting that Bitcoin will soon “take off.”

Crypto Market Is Coiling, Preparing to “Take Off”: Analyst

Few have called Bitcoin’s price action as well as Dave the Wave has over the past few months; in the middle of last year, the analyst predicted a retracement to $6,400 when the asset was rallying above $10,000, and more recently, he called for a retracement from $11,000 to $8,500.

Now, he’s starting to…