According to an expert who correctly predicted that Bitcoin (BTC) will drop to $ 6,400 in mid-2019, it is now possible for the leading cryptocurrency to rise to $ 135,000. Here’s how…
Analyst who knows the crypto crash points to $135K for Bitcoin
Based on one idea, Bitcoin is 229% above current price levels in a year, according to analyst Dave the Wave. may rise. Dave the Wave draws straight, long-term trend lines, identifying the low, high, and bear market low of every Bitcoin bull cycle.
Based on this hypothesis, BTC could hit $135,000 at the beginning or end of 2023. The analyst does not rule out the possibility that new local bottoms will be tagged in the near future. According to Dave the Wave, if Bitcoin fails to recover from a crash, a logarithmic growth curve (LGC) can be found at $20,000. The analyst continues:
Should this scenario occur, LGC’s support base would be solid and the race would begin again.
Dave the Wave updates technical analysis
Expert, lower capitulation to reset critical indicators like moving average convergence divergence (MACD) for long-term Bitcoin supporters suggests. All three main timeframes of the MACD, which measures trends and momentum, continue to point to additional short-term negatives in the near future.
- Monthly MACD – macro bullish correction
- Weekly MACD – roll below zero line and above daily MACD
- Also below zero line
Even if these indicators eventually materialize, a cleanup may be the best thing for the macro bull going forward.
Weekly MACD 
Another popular crypto analyst Rakesh Upadhyay, Bitcoin price identifies the first resistance at $42,967. If the price breaks down from this resistance, it will appear that the bears are selling at higher levels. The falling 20-day EMA and the RSI below 44 indicate a slight advantage for the sellers. Dave the Wave is pointing to $20,000 before $135k in the long term, while Upadhyay thinks a pullback to $39,200 in the short term is possible.
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