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.
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. “
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.
– davthewave (@davthewave) 15th July 2020
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).”
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
Â
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Author
Bitcoin
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.
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. “
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.
– davthewave (@davthewave) 15th July 2020
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).”
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
Â
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Other Posts
Related Posts
Latest
Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain
Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049
The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines
Press Release
Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain
Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level
