Crypto analyst claims that Bitcoin is heading for $ 400,000
1 min readDave the Wave, a popular crypto analyst who predicted the dramatic correction of Bitcoin (BTC) in 2019, now claims that Bitcoin expects to grow up to $ 400,000.
Bitcoin correction 2019
In 2019, this crypto strategist predicted the start of Bitcoin turnover and its subsequent correction. On July 11, 2019, when Bitcoin was at $ 11,600, the analyst predicted that Bitcoin was at the beginning of a parabolic downward trend.
Dave the Wave also stated that this downward trend would last until Bitcoin reached the $ 6,000 price at the end of the year. This prediction proved remarkably accurate as Bitcoin reached its annual low of $ 6,425 in December 2019.
Long-term forecast
Dave the Wave has now updated its long-term bitcoin forecast. Based on bitcoin price history, it assumes that Bitcoin will witness declining volatility in the coming decade.
Given the curve, Dave predicts that at the end of 2022, the price of Bitcoin will rise to $ 110,000. Followed by a slump in 2025, which will bring the price of BTC to $ 20,000. Subsequently, however, Dave expects Bitcoin to grow steadily and reach $ 400,000 in 2029.
Alex Krüger
This analyst predicts a bitcoin price in the short term between $ 7,000 and $ 7,700. But then again expects a correction somewhere on the border of 6 400 USD.
However, Alex Krüger warns that bitcoins seem to remain closely correlated with traditional markets.
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