Degen

A cryptocurrency analyst who correctly predicted a 2021 Bitcoin bull market cap has now raised the possibility of a massive price increase for the currency. The analyst, who goes by the nickname Dave the Wave, believes that after Bitcoin breaks through the psychological $100,000 mark, a bullish rally is likely. Referring to Bitcoin's four-year cycle, he predicts that the cryptocurrency could repeat past price patterns. He also shared a chart that suggests Bitcoin is likely to reach the peak of this cycle above $200,000 by next year. He emphasizes that Bitcoin is currently halfway to its medium-term technical target, which would see it break the six-figure mark