Analyst Dave Wave predicted the maximum value of bitcoin in 2023

Dave Wave, the popular crypto analyst who accurately predicted the bitcoin crash in May 2021 and the digital asset market collapse in 2022, has shared his new forecast. According to the expert, the target value for BTC $98,596.87 Bitcoin 1.08% Market capitalization $1.95 trillion VOL. 24 hours $5.99 billion this year is $ 42,000.

According to Dave Wave, who tweeted to his 133,600 followers, the up-and-down cycles of bitcoin’s value will normalize in 2023, so investors should not expect any major shocks. «The technical target for BTC in 2023 is $ 42,000 to take the token out of the buy zone,» the trader wrote.

At the time of writing, BTC has lost 2% of its value over the past 24 hours, and yesterday the flagship cryptocurrency fell by almost $ 1,000 in just an hour and a half. This happened two hours after bitcoin quotes reached $ 21,550. This mark was a four-month high for BTC.

In the summer, Dave Wave, based on his Logarithmic Growth Curve (LGC) model, said that bitcoin could potentially grow by more than 1100% over the next four years.

«Who says we won’t get something like that? Themain idea in this chart is that the multi-year trend line running through the LGC functions as a price average ,» the analyst predicted a steady rally of BTC to $ 260,000 by 2026.