A veteran crypto analyst says that Bitcoin (BTC) could be setting up for another parabolic spike past all-time highs and beyond.
Pseudonymous trader Dave the Wave – who accurately called both the crypto market cycle top and bottom in 2021 and 2022 – tells his 147,000 followers on the social media platform X that Bitcoin is on the brink of a strong impulse to the upside.
He shares a chart suggesting that BTC may witness a fresh parabolic rally if it takes out resistance at $105,000.
“BTC parabolic breakout here and now… or a continued range?”
Source: Dave the Wave/X
Based on his chart, Dave the Wave appears to suggest that BTC is grinding up against a resistance level around $105,400 that if broken, could
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