Parabolic breakout of bitcoin on the cards, According to

Parabolic breakout of bitcoin is just around the corner, says analyst who named the top of the last bull market - The Daily Hodl Bitcoin (BTC) could make another parabolic leap to all-time highs and beyond, says veteran crypto analyst.

Dave the Wave, the pseudonymous trader who accurately identified the top and bottom of the 2021 and 2022 #cryptocurrency cycles, told his 147,000 followers on social media platform X that #bitcoin is on the cusp of a powerful upward momentum. He shared a chart showing that #BTC could witness a new parabolic rise if it breaks through the $105,000 resistance. BTC’s parabolic breakout is here: … Or a continuation of the range? ’ Dave Wave suggests, based on his chart, that BTC is locked at a resistance level around $105,400, which, if broken, could lead to a new jump to the top of the ascending channel, possibly in May, to around $130000. Meanwhile, the trader’s chart points to the $92,000 area as the nearest support. At the time of writing, bitcoin is trading above the trader’s resistance level at $BTC According to Dave Wave, using Fibonacci extension levels, the top of the bitcoin cycle at $170000 could be a notable target. Traders use the Fibonacci extension tool to identify potential entry and exit levels for an asset based on Fibonacci ratios. Sentiment around #Ethereum is relatively ineffective compared to other major crypto assets, as Dave Wave says he is targeting a level around $7,600 for ETH in the short term, although it is low. Read us at: Compass Investments #BlockchainFuture