https://ift.tt/Qi3POg0 Bitcoin Price Prediction Is Out – Analyst Reveals Future Of BTC | CryptoGazette

It’s been revealed that the important analyst who called Bitcoin’s price crash back in May 2021 is unveiling a potential path for BTC to reach new ATHs in 2022.

The analyst known as Dave the Wave said recently that Bitcoin is still on track to surpass $100,000 this year – but there’s a catch.

“One for the bulls. Aligning the micro with the macro. $100,000 within striking distance this year…”

While Dave the Wave’s chart is showing a strong rally to roughly $120,000 by late this year, it is important that it also forecasts a deep capitulation to around the $25,000 mark before any bullish action can start.

He was questioned whether geopolitical factors such as the war in Europe, crunched supply chains, and rising oil prices would weigh down on Bitcoin, he said that these conditions may actually be bullish for BTC.

He believes that this is giving it the opportunity to step away from its shadow as a speculative asset.

“You might be right, but BTC in that scenario may also find renewed resurgence as an *alternative currency* [as opposed to just an asset].”

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $38,839.

Optimistic Bitcoin predictions

It’s been just revealed that the financial advisory firm deVere Group CEO Nigel Green says the leading crypto asset Bitcoin (BTC) will likely surge to $50,000 in the near-term.

In a new company blog post, he explained the fact that the king coin is likely to hit $50,000 in March due to escalating geopolitical tensions and growing interest from blue-chip investors.

“As it currently stands, I can see no reason why this price momentum should falter. I think we can expect to see Bitcoin hit $50,000 by the end of this month. It’s still too early to tell whether it will then go on to reach the all-time highs of $68,000 from November 2021.”