Bitcoin Price Prediction by Veteran Trader

A veteran crypto trader with a proven record of predicting Bitcoin’s market tops and bottoms believes BTC is set to reach $180,000 this cycle.

The pseudonymous analyst, Dave the Wave, shares insights with his 148,500 followers on the social media platform X, stating that Bitcoin’s price is “chugging along on the weekly Gaussian.”

Gaussian channels are trend indicators used to identify price tops and bottoms.

Analyzing the trader’s chart, Dave anticipates that BTC will reach his target by December 2025, when the median line of the Gaussian channel peaks. He reassures that Bitcoin’s recent price fluctuations are typical and that BTC can continue to rise despite this volatility.

> “Seems to be a new level of alarm in the market… post the latest pump and dump… but the BTC chart can absorb this kind of nonsense.”
> — Dave the Wave

Currently, Bitcoin is trading at $91,650, experiencing a nearly 5% increase over the past day.

Last week, Dave the Wave suggested that BTC may be mirroring its August 2024 correction, when it fell to the 0.382 Fibonacci level before launching new rallies.

> “A BTC observation. Now a 38% real correction of the move up as per last time.”
> — Dave the Wave

Traders often use the Fibonacci retracement tool to identify potential entry and exit points based on the Fibonacci ratio.

Dave the Wave also indicated that a significant drawdown could pave the way for a Bitcoin rally towards $180,000 by the end of the year.