This Crypto Expert Called The Bitcoin Top in 2021, Now He’s Calling The Bottom In 2024
14 Mai 2024 - 7:00PM
NEWSBTC
As the Bitcoin price continues to fluctuate wildly, the question in
every investor’s mouth right now is when the digital asset will
find its bottom. For some, the bottom has already been met, while
for others, there are still more price crashes to come. However,
one analyst’s prediction in particular stands out and this is due
to his track record of accurately calling the top of the market
back in the 2021 bull market. Crypto Expert Says Bitcoin Bottom Is
In Crypto expert Dave the Wave first came into prominence back in
2021 when he had accurately predicted the Bitcoin top. Given this,
Dave’s analysis holds weight in the crypto market, so it is no
surprise that his most recent prediction calling the Bitcoin bottom
is making the rounds. Related Reading: Gaming The System: Pundit
Reveals Why XRP Price Will Reach $33 In the analysis which was
posted on X (formerly Twitter), the crypto analyst points to a
number of indicators that show that the Bitcoin bottom has already
been reached. One of these is the MACD which the analyst reveals is
still far off from the levels from the last bull market. In
addition to the MACD still trending below this level, the crypto
expert points out that the crypto market is more mature than it
was. Given this maturing market, Dave the Wave stated: “It wouldn’t
at all surprise me to see something different develop,
pattern-wise, over the longer time frame.” The analyst suggests
that the Bitcoin low is actually in, and given that the price had
fallen to $57,000 a couple of weeks ago, Dave’s analysis suggests
that that is as low as the price will go. If this holds, then it is
possible that the Bitcoin price will not fall below $60,000 before
it resumes its bull rally. BTC Price Expectations Still Bullish
Despite the slow momentum that has plagued the Bitcoin price,
investors continue to be bullish on the cryptocurrency. This is
evidenced by the Bitcoin Fear & Greed Index maintaining a firm
grip on the Greed territory, showing that investors are still
willing to buy into the market. Related Reading: Theta Network
Breakout Imminent: Why A 100% Rise Is Possible From Here
Furthermore, predictions from crypto analysts such as Rekt Capital
have shown expectations for further price increases. Rekt Capital
predicts that the BTC price will still cross $100,000 as long as
the price is able to break above $63,000 and hold this level.
However, elsewhere in social media, there is a change in tide for
the BTC price as social sentiment begins to fall to bearish
headwinds. Santiment, an on-chain data aggregation platform,
revealed that the Bitcoin social sentiment has seen a 14% drop in
the last week. Featured image from Investment U, chart from
Tradingview.com
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