The well -known crypto analyst Dave the Wave, who correctly predicted the top of the Bitcoin Koers in 2021, again sees a significant increase in the offing. According to him, Bitcoin can move towards 180,000 dollars before the end of the year, while Altcoins can also reach new all time highs.
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Bitcoin is on track for record
On X, the analyst writes that Bitcoin is steadily moving up within a rising channel on the daily graph. According to him, the currency is on track to test the record stand above 124,000 dollars. “Bitcoin is preparing for fireworks in the fourth quarter,” said Dave the Wave.
According to him, Bitcoin managed to break both a diagonal and a horizontal resistance in recent weeks after the race fell to $ 106,000 last month. “BTC Koers looks promising in the short term with two resistors that have been broken up,” he says.
At the time of writing, the Bitcoin rate records around $ 115,800.
Altcoins ready for new records
In addition to Bitcoin, the analyst focuses on the wider cryptomarket, measured via the so -called Total2 graph. This measures the total market value of all crypto coins except Bitcoin. According to Dave the Wave, this index is about to break out to new all time highs with a possible rise to $ 3.22 trillion.
The current value of Total2 is approximately 1,652 trillion dollars.
With the fourth quarter at the door, Dave the Wave sees a perfect setup for a new phase of race fireworks. According to him, if the trend continues, not only Bitcoin can reach new heights, but Altcoins can jointly push through to unprecedented values. That would be a sequel to the advance that the cryptomarket showed in recent months.
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Source: https://newsbit.nl/crypto-analist-verwacht-vuurwerk-bitcoin-en-altcoins-naar-nieuwe-records/
