RATE Group | Trader Who Called $6,000 Bitcoin Bottom Predicts $100,000 By Late 2022
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Trader Who Called $6,000 Bitcoin Bottom Predicts $100,000 By Late 2022

26 Dec Trader Who Called $6,000 Bitcoin Bottom Predicts $100,000 By Late 2022

Posted at 14:06h in Cryptocurrency News by

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  • Dave the Wave tells CCN that he sees $100,000 by late 2022 as long-term bitcoin target.
  • The analyst previously predicted BTC’s bottom in the $6ks.
  • The same parabolic line since 2011 has remained in tact through the years, indicating a bullish macro trend.

A technical analyst and trader known as Dave the Wave sees $100,000 as the long-term target of bitcoin. The analysis comes after he accurately predicted BTC would bottom out in mid-$6,000s in the short-term.

Since dropping to as low as $6,410 across major cryptocurrency trading platforms, the bitcoin price rebounded to $7,200. But, the short-term outlook of BTC remains gloomy as selling pressure is expected to intensify.

Why a $100,000 bitcoin target?

Dave the Wave’s technical analysis of the bitcoin price chart dates back to 2011 when BTC was trading for less than $1.

Since then, the bitcoin price has demonstrated a parabolic move as it increased exponentially in value.

The same parabolic line has remained in tact…

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