An analyst with a history of making timely Bitcoin calls believes that BTC is setting the stage for a huge move to the upside.
Pseudonymous analyst Dave the Wave tells his 153,600 followers on the social media platform X that if Bitcoin breaks through resistance at the $105,304 level, it will likely trade sideways for a while before bursting to new all-time highs.
“Wanting to see BTC break through the line of resistance to create a multi-month sideward ranging channel, a solid base from which to push to new highs.”
Source: Dave the Wave/X
The analyst also says key indicators suggest Bitcoin remains in a bullish trend, including that the flagship crypto asset is trading well-above the lower bound of a years-long upward channel.
“The
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