Crypto Analyst Says Bitcoin Correction Coming Before Breakout to New All-Time High – Here’s His Forecast
An analyst who called the 2021 crypto market meltdown says that a significant Bitcoin (BTC) correction is likely to occur before new all-time highs are met.
The pseudonymous trader known as Dave the Wave tells his 153,500 followers on the social media platform X that he’s expecting BTC to dip to around $90,000 before launching its next leg up, rather than a quick, parabolic ascent.
The trader appears to have a rough price target of about $160,000 for BTC by around September of this year.
“We all want BTC price higher here and now.
But if I were a betting man, I’d say the orange not the yellow.”
Citing a part of his newsletter, Dave the Wave says that BTC typically rallies extremely quickly,…
