Crypto trader Dave the Wave, who predicts that Bitcoin will drop from $ 60,000, thinks the BTC bull market will continue
Predicting that Bitcoin will drop from $ 60,000, cryptocurrency trader Dave the Wave thinks the BTC bull market will continue.
In a recent tweet, the analyst known as Dave the Wave told his 59,300 followers that Bitcoin could reverse its downtrend in the third quarter of this year:
“If all goes well and based on momentum measured by the histogram, there is a very good chance that we will see the trend return as early as August.”
While Dave the Wave predicts a possible reversal for Bitcoin in the coming months, he says it has created a continuation pattern that shows the cryptocurrency could drop as low as $20,000 before igniting the rally.
“It started to look like a head and shoulders model in a short period of time, maybe it could work…”
Earlier this month, the cryptocurrency analyst said that Bitcoin is forming a descending channel and suggested that there is a local top. At the time, the leading cryptocurrency was trading below $60,000:
“Of course *particularly in the short-term there is no certainty, but price action is currently traversing a series of lower highs (LH) and lower lows (LL)… Price has definitely reached a significant high just south of the logarithmic growth channel here. looks like.”