Bitcoin Analyst Predicts Potential Correction and Future Breakout
- Analyst Dave the Wave suggests Bitcoin may correct to just above $96,000.
- The correction aligns with a .382 Fibonacci retracement level.
- A potential breakout could see Bitcoin reach $160,000.
- The MACD indicator is showing bullish signals for Bitcoin.
- Bitcoin is currently trading at $104,755, down 1.1% in the last 24 hours.
Dave the Wave forecasts a Bitcoin correction to above $96,000 based on Fibonacci levels, with a possible breakout to $160,000 indicated by bullish MACD signals. Bitcoin’s current price is $104,755.
Source (2.6)https://dailyhodl.com/2025/06/05/bitcoin-setting-up-for-treasonous-correction-according-to-trader-that-called-2021-market-cycle/?rand=59076
