A veteran trader known for nailing Bitcoin’s 2021 top says BTC is close to printing a new all-time high.
The pseudonymous trader Dave the Wave tells his 151,800 followers on X that despite weeks of meandering, Bitcoin remains in an uptrend as the flagship crypto asset repeatedly attempts to break through a key resistance level around $115,000.
The analyst posted a chart showing Bitcoin has reclaimed key Fibonacci retracement levels as support, suggesting a new record high will happen next month.
Fibonacci retracement levels are used in technical analysis for determining an asset’s support and resistance levels.
“BTC price setting up nice. Could be pushing all-time highs next month, and yet it’s all been Chicken Little stuff on CT (Crypto Twitter).
The analyst predicts that Bitcoin will breakout to nearly $129,000.
“BTC shorter-term target [$128,958].”
Bitcoin is trading for $112,484 at time of writing, down 1.7% in the last 24 hours.
Next up, the analyst says that Ethereum (ETH) may be printing a similar 2020 bullish pattern and could soon have a massive breakout.
“Alt charts looking volatile. Wouldn’t want to miss the opportunity.”
Looking at his chart, the trader suggests that ETH could hit $12,000 by the end of the year.
ETH is trading for $3,989 at time of writing, down 3% on the day.
Lastly, the anayst suggests that ETH rival Cardano (ADA) may have an explosive move to about $2.90 in the coming months.
“If you liked that one, you’ll love this. Volatility is opportunity people.”
ADA is trading for $0.64 at time of writing, down 3.3% on the day.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong
The post Analyst Who Nailed 2021 Bitcoin Top Says BTC and Ethereum Preparing for All-Time Highs – Here’s When appeared first on The Daily Hodl.
A veteran trader known for nailing Bitcoin’s 2021 top says BTC is close to printing a new all-time high. The pseudonymous trader Dave the Wave tells his 151,800 followers on X that despite weeks of meandering, Bitcoin remains in an uptrend as the flagship crypto asset repeatedly attempts to break through a key resistance level
The post Analyst Who Nailed 2021 Bitcoin Top Says BTC and Ethereum Preparing for All-Time Highs – Here’s When appeared first on The Daily Hodl. Bitcoin, Ethereum, Trading, ada, analysis, BTC, Cardano, ETH
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.