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    Home»Bitcoin»Crypto Dealer Says 2021-Model Bitcoin Bull Market Peak Unlikely, Unveils Upside Goal for BTC in Two Months – The Every day Hodl
    Crypto Dealer Says 2021-Model Bitcoin Bull Market Peak Unlikely, Unveils Upside Goal for BTC in Two Months – The Every day Hodl
    Bitcoin

    Crypto Dealer Says 2021-Model Bitcoin Bull Market Peak Unlikely, Unveils Upside Goal for BTC in Two Months – The Every day Hodl

    By Crypto EditorMay 26, 2025No Comments2 Mins Read
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    A dealer with a historical past of creating correct predictions within the crypto house believes Bitcoin’s (BTC) multi-year uptrend is constructed on stable floor.

    Pseudonymous analyst Dave the Wave tells his 153,800 followers on the social media platform X {that a} repeat of BTC’s 2021 double-top sample is uncertain.

    About 4 years in the past, Bitcoin abruptly ended its bull market after failing to take out its resistance at $69,000 twice.

    Dave the Wave notes in his chart {that a} parabolic transfer preceded BTC’s 2021 market peak. The steep ascent left Bitcoin uncovered as panic promoting and large liquidation occasions drove BTC from a excessive of $69,000 to round $16,000.

    Quite the opposite, the dealer says that Bitcoin’s rise since 2023 has been sustainable as BTC printed increased highs and better lows over time.

    He notes {that a} 2021-style collapse is “unlikely” at this level.

    Image
    Supply: Dave the Wave/X

    In his bullish Bitcoin outlook, Dave the Wave thinks that it’s inside the realm of chance for BTC to soar to his huge upside goal in simply a few months.

    “Oh boy, I’ll be promoting just a little BTC for the fam if it hits $160,000 over the course of the subsequent couple of months…”

    Image
    Supply: Dave the Wave/X

    For now, Dave the Wave says that Bitcoin must breach its final resistance zone to probably set off a parabolic rally towards his goal.

    “BTC convincingly by way of $110,000 and we could possibly be a front-run blow-off high…”

    At time of writing, Bitcoin is buying and selling for $109,628.

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    Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses it’s possible you’ll incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in internet online affiliate marketing.

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