A person who is good at predicting crypto prices says that Bitcoin will go up a lot in the long term.
Cryptocurrency expert Dave the Wave tells his 140,000 followers on social media that Bitcoin looks like it’s making a big pattern on the monthly chart.
The analyst shared a chart and said he thinks Bitcoin will break out of a good pattern in 2025 and go up to more than $370,000.
“I don’t think anyone saw this coming. ”
Always be ready for things you didn’t see coming.
Dave the Wave thinks that Bitcoin will go up to $69,000 next year, and then drop back down to below $50,000. The chart also shows that Bitcoin will have a strong two-year period of growth after reaching the lowest point of the pattern.
Dave the Wave is also sharing his thoughts on how Bitcoin’s upcoming halving in April 2024 might affect things. The expert thinks that the halving will help Bitcoin reach its highest price next year.
“I believe that as the market grows, BTC halving will become less important. However, it could still have some impact in the short term. ”
The price has gone up a lot before when it reached the bottom line of the LGC (logarithmic growth curve).
This means that prices will go up and reach a new high in 2024 and continue to rise in 2025.
Right now, Bitcoin is valued at $25,792.