Parabolic Spike in the Cards for Bitcoin (BTC), Says Top Analyst – Here’s His Timeline

A crypto analyst and dealer who has reached the highest of the 2022 Bitcoin bull market thinks BTC is rapidly approaching parabolic territory.

Pseudonymous analyst Dave the Wave tells his 147,000 followers on social media platform

“The numbers are going to be huge, however nonetheless technically strong. A run to the highest of the channel would see BTC break the psychologically essential six-figure barrier. As soon as that’s damaged, a parabolic peak is on the horizon.”

With BTC buying and selling firmly above its earlier technical resistance at $70,000, Dave the Wave shares a chart that means Bitcoin will proceed to succeed in new all-time highs till it reaches $130,000.

“BTC technical goal and doable parabolic territory…”

Dave the Wave is not the one analyst who thinks Bitcoin is in for a lot increased costs. Fellow dealer Pentoshi tells his 810,900 followers on social media platform X that Bitcoin has cemented a brand new uptrend after breaking the $70,000 resistance.

“We name {that a} pattern reversal. It begins within the decrease time frames, and that is the outcome within the increased time frames. Seven months of consolidation is coming to an finish and now we now have seen outbreaks throughout the board.”

On the time of writing, Bitcoin is buying and selling at $88,133, up greater than 10% within the final 24 hours.

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