Renowned Bitcoin analyst Dave the Wave, known for his accurate predictions, has stated that Bitcoin has not yet entered the most explosive phase of its market cycle. Addressing his 147,300 followers on social media platform X, the analyst expressed confidence that BTC would continue its upward momentum, surpassing the six-figure mark after consolidating around the $90,000 range.
The Four-Year Cycle Model
Dave the Wave highlights Bitcoin’s tendency to follow four-year cycles, largely influenced by halving events that reduce miner rewards. According to the analyst, these cycles suggest that a parabolic rise may be on the horizon.
Technically, Bitcoin remains within an upward channel, which signals a strong potential for further growth. Despite not yet experiencing parabolic movement, this technical positioning supports the possibility of reaching much higher price levels in the coming years.
Short-Term Targets and Long-Term Potential
In his latest analysis, Dave the Wave pointed to a near-term target of $110,000 for Bitcoin. He emphasized that BTC has already reached half of its technical target and is well-positioned to break the six-figure barrier.
“Even if BTC’s price corrects, remaining within the upward channel is a positive sign for continued growth,” he explained.
Bitcoin’s most recent halving event occurred in April, reducing the supply of new coins entering the market. Historically, this scarcity has driven BTC price increases, and the analyst predicts Bitcoin could exceed $200,000 by 2025.
Market Trends and Investment Advice
Currently trading at $96,478, Bitcoin has seen a 4.8% rise in the past 24 hours. While volatility presents both opportunities and risks, the cyclical nature of halving events often correlates with substantial price appreciation.
Experts, including Dave the Wave, encourage investors to stay informed about market trends and exercise caution, particularly during periods of significant price movement.
Final Thoughts
As Dey There highlights, Bitcoin’s journey toward six figures is far from over. With its cyclical trends and halving-driven momentum, BTC remains a compelling asset for both long-term growth and strategic investment.
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