According to top analysts, if this pattern continues, Bitcoin will not hit $ 100,000 in December 2021

A prominent analyst suggested that Bitcoin may not hit the $ 100,000 mark in December, even though it has grown rapidly in recent weeks.

Bitcoin sẽ thiết lập kỷ lục mới? - Kinh doanh

Industry insider known as Dave the Wave told his 80,000 followers that Bitcoin has risen in an ascending parallel channel since it rose from lows of $ 30,000 in July.

“A good prospect.

If the price within the channel continues to rise at this rate, it cannot reach $ 100,000 in December either. “

Bitcoin-100k-dola

The source: Dave the Wave / Twitter

However, Dave the Wave made it clear that traders shouldn’t confuse his analysis with the firm prediction that Bitcoin won’t rise to $ 100,000 by the end of the year.

“Yes, some people might misunderstand the meaning of this post by saying that Bitcoin is definitely not going to hit $ 100,000 in December. It doesn’t say that at all. It says,” IF the price inside the channel goes up at this rate, it will he won’t reach $ 100,000 by December. “This hypothesis is not testable.”

In January 2020, Dave the Wave made a bet with crypto analyst PlanB on the potential value of BTC in December 2021.

PlanB, the creator of Bitcoin’s Stock-to-Flow (S2F) model, predicts that the top of the market cycle will be at $ 288,000. The two analysts agreed that $ 100,000 in December 2021 would break Dave the Wave’s pattern.

Dave the Wave also hinted that Bitcoin could potentially make a double high and hit a second high at $ 65,000 before falling again. According to him, Bitcoin is showing a bearish divergence in the daily timeframe, suggesting that a correction could be imminent.

“The channel’s resistance line coincides with the previous ATH (all-time high).”

Bitcoin-100k-dola

The source: Dave the Wave / Twitter

You can see the Bitcoin price here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhodl

 

According to top analysts, if this pattern continues, Bitcoin will not hit $ 100,000 in December 2021

A prominent analyst suggested that Bitcoin may not hit the $ 100,000 mark in December, even though it has grown rapidly in recent weeks.

Bitcoin sẽ thiết lập kỷ lục mới? - Kinh doanh

Industry insider known as Dave the Wave told his 80,000 followers that Bitcoin has risen in an ascending parallel channel since it rose from lows of $ 30,000 in July.

“A good prospect.

If the price within the channel continues to rise at this rate, it cannot reach $ 100,000 in December either. “

Bitcoin-100k-dola

The source: Dave the Wave / Twitter

However, Dave the Wave made it clear that traders shouldn’t confuse his analysis with the firm prediction that Bitcoin won’t rise to $ 100,000 by the end of the year.

“Yes, some people might misunderstand the meaning of this post by saying that Bitcoin is definitely not going to hit $ 100,000 in December. It doesn’t say that at all. It says,” IF the price inside the channel goes up at this rate, it will he won’t reach $ 100,000 by December. “This hypothesis is not testable.”

In January 2020, Dave the Wave made a bet with crypto analyst PlanB on the potential value of BTC in December 2021.

PlanB, the creator of Bitcoin’s Stock-to-Flow (S2F) model, predicts that the top of the market cycle will be at $ 288,000. The two analysts agreed that $ 100,000 in December 2021 would break Dave the Wave’s pattern.

Dave the Wave also hinted that Bitcoin could potentially make a double high and hit a second high at $ 65,000 before falling again. According to him, Bitcoin is showing a bearish divergence in the daily timeframe, suggesting that a correction could be imminent.

“The channel’s resistance line coincides with the previous ATH (all-time high).”

Bitcoin-100k-dola

The source: Dave the Wave / Twitter

You can see the Bitcoin price here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhodl

 

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