A pseudonymous analyst who nailed Bitcoin’s plummet from $11,600 to $6,400 in 2019 says the bull market top could be on the horizon.
In a new tweet, the crypto strategist known in the industry as Dave the Wave warns his 44,700 followers that Bitcoin’s furious rally from $20,000 to an all-time high of $57,505 in a span of a few months may be running out of steam.
“More symmetries. The Fibonacci measurement from where price meets the bottom of the channel to where price would meet the top of the channel gives the previous peak as the center.
When the parabola corrects, now or a little higher, predicting a 0.38% retracement as per previous spikes.”
Source: Dave the Wave/Twitter
According to Dave, Bitcoin can potentially top out at $68,710.15 before igniting a massive correction that would send the leading