Experienced crypto investor Dave The Wave, Bitcoin $91,278.90 In his analysis of the price, the current cycle suggested that BTC is possible to reach $ 180,000. In the past, the investor is known for predicting the market peaks and bottoms correctly. Analyst said that this goal is based on the Gaussian channel analysis.
Gaussian channel and Bitcoin price target
Dave The Wave said Bitcoin’s price movements are shaped in line with weekly Gaussian channels. These indicators can be used to detect price peaks and bottoms. According to the analyst’s graphics, the middle line of the Gaussian channel will peak in December 2025 and at this point, Bitcoin is expected to reach $ 180,000, the target price. This estimation is carefully monitored because it comes from an investor who foresees the right market movements in the past.
Analyst emphasized that Bitcoin prices are part of the usual course, especially for recent fluctuations. For investors, this price volatility will not prevent Bitcoin’s upward movement. In addition, it is expected that new rally may begin after corrections that are expected to take place in 2024.
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Bitcoin’s volatility and future rise
Rapid fluctuations in Bitcoin prices have created uncertainty among investors. However, Dave The Wave said that this volatility is usual for the market. Although investors see this mobility as short -term risks, Bitcoin may continue to gain value in the long run.
Last week, Bitcoin’s August 2024 correction, giving an example, the price of 0.382 fibonacci can fall up to the level, he said. A new rally is expected to begin after this correction. Bitcoin is currently trading for about $ 91,650 and has increased by 5 %in the last 24 hours. Analysts predict that a deep retreat can prepare a price rally of $ 180,000 at the end of the year.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
