Bitcoin News: Accurately predicting the drop from the $ 60,000 level for Bitcoin (BTC), analyst Dave the Wave made striking statements. The famous analyst believes that the BTC bull market will continue.
When will the Bitcoin bull market start?
The analyst, known as Dave the Wave and has about 60,000 followers on Twitter, states that Bitcoin will reverse the downward trend in the third quarter of this year by tweeting. Dave the Wave states that, based on momentum measured by the histogram, there is a good chance of seeing the price return as early as August.
Although Dave the Wave states that there will be a possible comeback for Bitcoin in the coming months, he warns about one thing. The analyst states that Bitcoin formed a bearish pattern before it started to rise, and that this model can continue the decline to the level of $ 20,000.
The famous analyst emphasized earlier this month that Bitcoin is forming a descending channel and suggested that there is a local top. As it will be remembered at the time, the leading cryptocurrency was trading just under $ 60,000.