Analyst Dave The Wave, who foresees the collapse of 2021 in the crypto markets, said that Tobo formation was formed in Bitcoin’s daily chart. According to the comments made, this can be considered as a signal of change in the direction of purchase.
Bitcoin (BTC) rise estimate
Dave The Wave, to inform investors on the social media platform to his followers to his followers Bitcoin’s graph at the early stages of the opposite shoulder shoulder formation, he said. Analyst said that in the classic structure of this formation, recipients are a model pointing out that they can enter the market quickly.
According to the graphic analysis, the price of Bitcoin is expected to form a neckline of the model at a level of $ 90,000, and then testing the $ 80,000 and the right shoulder will be completed. Following this process, it is predicted that it can go to a higher target of $ 117,000.
Dave The Wave: “You have BTC’s move. You will not be disappointed when you think about BTC correctly.”
Bitcoin and 200 thousand dollars target
Analyst emphasized that Bitcoin’s purpose of use was formerly a protection tool against authoritarian administrations, but today it was adopted as an alternative existence. This brings an assessment that the crypto asset has become more reliable.
In his previous statements, the analyst stated that the current uncertain macroeconomic environment could direct investors to Bitcoin. He also shared his predictions that he would reach $ 200,000 for Bitcoin in the recent past.
According to market data, Bitcoin trading volume increases, while the price is about $ 83,416.
Market analysis suggests that the current technical formation can offer potential advantages for investors, while at the same time, risk factors continue to be evaluated. According to expert opinions, if the planned price targets are achieved, a significant rise trend may be experienced in the crypto market.
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.
