The trader who properly called the crypto market correction in May 2021 states that Bitcoin’s (BTC) market structure is now possibly on track to approach the $200,000 mark if all works out.
Pseudonymous trader and expert Dave the Wave informs his 143,000 fans on the social networks platform X that Bitcoin’s moving typical merging divergence (MACD) sign on the regular monthly chart is signifying strong bullish momentum for BTC.
The MACD is generally utilized to find pattern turnarounds and validate patterns.
“Another pie chart on the BTC month-to-month MACD printed.
The number of are anticipating something like this?”
Source: Dave the Wave/X
Based upon the trader’s chart, Dave the Wave appears to forecast that BTC will rally above $200,000 by December 2025.
With Bitcoin looking bullish, Dave the Wave keeps in mind that there might be excessive of an agreement on BTC, opening the possibility of BTC striking his advantage target method earlier than his preliminary timeline.
“Seems to me a little an issue here.
On a technical basis, it looks great, however if the majority of are anticipating it,
