An analyst renowned for accurately predicting the 2021 crypto crash is cautioning that Bitcoin (BTC) is on the brink of experiencing a significant event. Pseudonymous analyst Dave the Wave is informing his 148,300 followers on the social media platform X that Bitcoin is currently testing the $90,000 support level. According to the crypto strategist, he anticipates Bitcoin to follow a pattern similar to its late 2024 price movement when it dropped to the 0.382 Fibonacci level before initiating a substantial upward trend. Dave the Wave’s chart analysis suggests that BTC may decline to approximately $80,000. Despite his bearish outlook for BTC in the near future, Dave the Wave believes that the substantial downturn will pave the way for a Bitcoin surge to around $180,000 by year-end. As of now, Bitcoin is trading at $91,529.
