Trader who called 2021 market collapse predicts Bitcoin explosion very soon for one reason
All that digital gold continues to be worth a fortune
Featured Image Credit: Matt Cardy/Contributor / Michael M. Santiago/Staff / Getty
As the extinction of the dinosaurs, the collapse of the Roman Empire, and the inevitability that the Sun will eventually burn out have taught us, nothing lasts forever. Away from questioning our own mortality, it looks like the current Bitcoin boom is only heading in one direction. It’s currently basking in a record-breaking peak of over $100,000 per coin, and even though crypto experts are asking how long things will last until the bubble eventually bursts, it’s still on the up.
The trader known as Dave the Wave has told his followers that Bitcoin can likely expect a 'pre-Xmas day BTC rally', climbing as high as $112,000 around December 25. That's good news for those who are sitting on their Bitcoin wallets (unless they're 50 Cent and forgot they had one), and while it's a case of what goes up, must come down, Bitcoin looks like it's going to keep exploding.
Dave the Wave correctly predicted the market crash of 2021, meaning he's been around the block a few times with cryptocurrency. For the time being, the Bitcoin boom is going to see prices climb. In a separate post, he wrote: "A #btc move to 150K this southern summer would not be extraordinary...😎."
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Beyond that, he predicts it could reach somewhere in the $180,000 to $220,000 range in the first half of 2025.
Dave the Wave says that Bitcoin moves in four-year cycles, so if we look at previous price action, it could soon go 'parabolic'. This is where there's a massive spike, and looking to the past, we saw a parabolic phase push its price up by 481% in 2018, followed by a 600% burst in 2022. 2025 seems a little early to the party, but as Wells wrote: “One positive if the BTC price does correct is that it has, as yet, not gone parabolic, remaining in a technical upward channel.”
Some are even asking AI what it thinks Bitcoin will be looking at in 2025, with Google Gemini noting that while Bitcoin prices are notoriously hard to predict, it's seemingly on track to like between $110,000 and $150,000 by the end of January 2025.
Donald Trump should be in the White House by then, and with Bitcoin soaring in the aftermath of his victory against Kamala Harris, crypto seems in a solid place.
At the time of writing, Bitcoin is trading at $98,010.21. Although this is a slight dip from when it recently crossed the $100k barrier, supporters are convinced it'll soon hit that milestone again and stay there.
As for when the Bitcoin bubble will burst, Dave the Wave thinks investors are on track for a pretty healthy 2025 when it comes to their digital gold.