Analyst Dave Wave predicts growth of bitcoin to $ 200,000

The trader who predicted the crypto market crash in 2021 has published a new forecast of the flagship digital asset’s value. Dave Wave expects the value of bitcoin to soar to a new record in 2025.

The analyst told his 144,400 followers on the social media platform X that BTC $93,705.78 Bitcoin -2.17% Market capitalization $1.86 trillion VOL. 24 hours $2.95 billion could approach the $ 200,000 mark in less than two years. «According to this forecast, in 2025, BTC will fall just short of $ 200,000.»

The expert’s prediction is based on an assessment of bitcoin’s Logarithmic Monthly Moving Average (LMACD), an indicator of long-term momentum, as well as Fibonacci retracement levels that track potential support and resistance zones. Looking at his chart, the trader assumes that BTC has reached the market bottom and is in an uptrend that will reach almost $ 200,000 by October 2025.

Dave Wave also used his version of logarithmic growth curves (LGCs), which aim to predict the highs and lows of the bitcoin market cycle while filtering out short-term volatility. «BTC is still within the range,» the trader wrote.

A few days ago, Fred Thiel, chairman and CEO of Marathon Digital Holdings, emphasized that the upcoming doubling of bitcoin’s rate would double its value compared to gold. Thiel expects BTC to reach ATH by the end of the third or early fourth quarter, after which a sell-off will begin, which could reduce its value.

According to Thiel, this trend will stabilize by the beginning of 2025, after which a gradual increase will begin. Thus, by the end of 2025, bitcoin could reach an ATH of $ 120,000.