Renowned analyst predicts Bitcoin's rise to $200,000 despite recent dip. Investors see Bitcoin as a safe haven amidst uncertain economic conditions.
Dave the Wave, a renowned digital currency analyst and strategist on social media, who had predicted the Bitcoin market crash in 2021, believes that this digital currency is still on track to reach new records this year. The pseudonymous analyst tells his followers on the X platform that Bitcoin is poised to repeat the late 2023 to early 2024 rally, during which it grew by about 180%. He predicts Bitcoin will hit $200,000 by November this year. The analyst states that despite uncertain macroeconomic conditions, investors will flock to Bitcoin as a safe haven. He also mentioned that as long as the Bitcoin price remains above $74,000, his bullish outlook will be maintained.
