Crypto Analyst Foresees Pre-Christmas Bitcoin Price Surge
Posted On December 8, 2024
Crypto analyst and pseudonymous trader Dave the Wave has predicted a potential surge in Bitcoin‘s (CRYPTO: BTC) price before Christmas, citing a favorable technical setup.
What Happened: The crypto analyst shared his thoughts on the social media platform X and said that Bitcoin is in an ascending channel. He predicts a possible upward target of around $112,000 by December 25th.
Dave the Wave, who accurately predicted the 2021 market collapse, suggests that Bitcoin is also trading within a longer-term ascending channel, similar to the 2021 bull market.