Analyst Who Accurately Predicted Bitcoin Prices In 2021 Says $100K Is Coming This Year…But There’s A Catch

A crypto analyst who anticipated the collapse of Bitcoin (CRYPTO: BTC) in May 2021, and then predicted that the apex crypto would not reach $100,000 by the end of 2021, now says BTC is setting up to break above its all-time high later this year.

What Happened: The analyst who goes by the pseudonym “Dave the Wave” told his over 94,000 Twitter (NYSE:TWTR) followers that even as Bitcoin dips below $40,000, it remains on track to reach $100,000 this year.

He says that the path to reach the lofty price target won’t be a smooth one, telling his followers they may need to withstand a drop to $25,000 before Bitcoin makes a run to six figures.The Big Picture: The technical analyst also points out that even though Bitcoin has been taking a hit lately, in the larger picture it has remained within a wide trading range so far in 2022.His message to his Twitter followers is to keep a level head during the market downturn, and reminds them that when it comes to their crypto holdings, “Indifference is a good place to be.”

As of Saturday morning, Bitcoin was trading at $38,821.10 down 0.83% in the previous 24 hours.

Also Read: If You Invested $100 In Bitcoin, Ethereum And Dogecoin At The Bottom Of US Markets In 2020, Here’s How Much You’d Have Now

Read at Benzinga

Read the original article on Benzinga

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.