Bitcoin Poised for Potential Parabolic Breakout
- Veteran analyst Dave the Wave predicts Bitcoin may surpass all-time highs.
- Resistance level identified at $105,400; current trading price is $108,386.
- Potential target of $130,000 by May if resistance is broken.
- Fibonacci extension suggests a cycle top of $170,000 for Bitcoin.
- Ethereum target set around $7,600 despite current value of $3,415.
Bitcoin’s trading price has surpassed the identified resistance level of $105,400, suggesting a possible parabolic rally according to analyst Dave the Wave.
Source (2.6)https://dailyhodl.com/2025/01/20/parabolic-breakout-for-bitcoin-now-in-the-cards-according-to-analyst-that-called-last-bull-market-top/?rand=59076
