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A crypto analyst who anticipated the collapse of Bitcoin <\/strong>(CRYPTO: BTC<\/a>)\u00a0in May 2021, and then predicted that the apex crypto would not reach $100,000 by the end of 2021, now says BTC is setting up to break above its all-time high later this year.<\/p>\n What Happened: <\/strong>The analyst who goes by the pseudonym \u201cDave the Wave<\/strong>\u201d told his over 94,000 Twitter followers that even as Bitcoin dips below $40,000, it remains on track to reach $100,000 this year.<\/p>\n One for the bulls.<\/p>\n Aligning the micro with the macro. 100K within striking distance this year\u2026 pic.twitter.com\/5gKHSeLd3v<\/a><\/p>\n \u2014 dave the wave(@davthewave) March 5, 2022<\/a><\/p>\n<\/blockquote>\n He says that the path to reach the lofty price target won’t be a smooth one, telling his followers\u00a0they may need to withstand a drop to $25,000 before Bitcoin makes a run to six figures.<\/p>\n My macro target I’ve had for near a year now [25K] starting to become the norm on CT.<\/p>\n Prediction: if\/ as price heads lower, so too will all the johnny-come-lately targets.<\/p>\n \u2014 dave the wave@davthewave) March 4, 2022<\/a><\/p>\n<\/blockquote>\n The Big Picture:<\/strong> The technical\u00a0analyst also points out that even though\u00a0Bitcoin has been taking a hit lately, in the larger picture it has\u00a0remained within a wide trading range so far in 2022.<\/p>\n Huge volatility within this range. pic.twitter.com\/Z7k8cgH9pl<\/a><\/p>\n \u2014 dave the wave (@davthewave) March 4, 2022<\/a><\/p>\n<\/blockquote>\n His message to his Twitter followers is to keep a level head during the market downturn, and reminds them\u00a0that when it comes to their crypto holdings,\u00a0“Indifference is a good place to be.”\u00a0<\/p>\n As of Sunday morning, Bitcoin was trading at $38,821.10 down 0.83% in the previous 24 hours.<\/p>\n\n
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