Trader That Called May 2021 Bitcoin Collapse Says Rapid Move to $150,000 BTC Wouldn’t Be Extraordinary

A veteran dealer identified for precisely calling the Could 2021 crypto market collapse says a fast Bitcoin (BTC) rally to $150,000 is on the horizon within the close to future.

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

Primarily based on a chart shared together with his followers, the dealer seems to recommend that BTC is buying and selling inside a big ascending wedge, with an higher restrict of virtually $150,000 when it’s reached in April.

“A BTC transfer to $150,000 this southern summer time would not be out of the bizarre…”

Dave the Wave zooms in on the brief time period and says that BTC is buying and selling in a smaller ascending channel and is at the moment buying and selling close to the decrease restrict assist.

“Shorter-term BTC channel is holding up to date…”

On the time of writing, Bitcoin is buying and selling at $96,477.

Dave the Wave can be bullish on altcoins, noting that Bitcoin dominance (BTC.D), which measures how a lot of the digital asset market belongs to BTC, is on the breaking point, implying a soar in altcoins.

The dealer’s chart means that BTC.D has fallen out of a bearish rising wedge, whereas it has additionally reached a diagonal resistance degree across the 57% degree.

“BTC silly. 1 / 4 of the best way there?’

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Generated picture: Midjourney