Dave the Wave, the analyst who accurately predicted Bitcoin’s 2021 crash, now says BTC is forming a bullish pattern that could send it soaring to $200,000 in this cycle.
Dave the Wave Predicts Bitcoin Could Reach a New Peak
Renowned analyst
Dave the Wave, who
correctly forecasted Bitcoin’s 2021 crash, is back with a bold
prediction:
Bitcoin may be gearing up for a major rally.
According to Dave, Bitcoin appears to be forming an inverse head and shoulders pattern — a classic technical indicator of a bullish reversal.
Technical Chart Signals Bullish Momentum
Based on his analysis, the price of BTC could:
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Surge to around $90,000 to form the neckline of the pattern
-
Retrace slightly below $80,000 to complete the right shoulder
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Break out and climb to $117,000 — and potentially even hit $200,000 if macro conditions remain favorable
Bitcoin Evolving Into a Safe-Haven Asset
Dave also emphasizes how Bitcoin has evolved from its cypherpunk origins
into a
mainstream financial asset.
In his view, Bitcoin is now perceived as a
serious alternative currency
and a safe haven during
times of global economic instability.
Your move #btc 😎 pic.twitter.com/i95DJUgxiV
— dave the wave🌊🌓 (@davthewave) April 10, 2025
📉 Key Takeaways:
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Bitcoin is forming an inverse head and shoulders — a strong bullish indicator
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Dave the Wave projects potential price targets of $117,000 to $200,000
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Bitcoin is transitioning into a trusted store of value amid global uncertainty