Bitcoin Primed To Explode By Over 400%, Says Crypto Analyst
Portfolio Pulse from Bibhu Pattnaik
Crypto analyst Dave the Wave predicts Bitcoin (CRYPTO: BTC) could surge to $50,000 before settling back to around $35,000. He also suggests that Bitcoin could reach an estimated value of $180,000 by April 2025, a 424% increase from its current price. The analyst also foresees Bitcoin continuing to outpace traditional assets, like stock indices, for approximately another decade.
November 04, 2023 | 4:28 pm
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Bitcoin could surge to $50,000 before settling back to around $35,000, and potentially reach $180,000 by April 2025, according to crypto analyst Dave the Wave.
The analyst's prediction is based on his analysis of the monthly moving average convergence divergence (MACD), a tool used to identify market trends. He believes it has entered a definitive bullish phase, which could drive Bitcoin's price up significantly.
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