Renowned analyst predicts Bitcoin price drop to $80,000. Insights on market trends and future predictions for Bitcoin.
Dave the Wave, a famous pseudonymous analyst who accurately predicted the fall of digital currencies in 2021, now warns that Bitcoin is on the verge of a significant downward event. He tells his followers on social media that Bitcoin is testing the $90,000 support level. He expects Bitcoin to decline to the Fibonacci 0.382 level similar to late 2024 and then begin a powerful surge. According to his chart, Bitcoin is predicted to drop to around $80,000. However, he believes this deep decline will set the stage for Bitcoin to rise to around $180,000 by the end of the year.
