Dave The Wave Predicts Bitcoin To Remain Bullish & Huge Rally For XVG

According to a prominent cryptocurrency analyst and trader, known as Dave the Wave, bullish momentum for Bitcoin will continue. He also predicts an incoming rally for one low-cap altcoin.

Dave the Wave shared with his 83.2K followers on Twitter that Bitcoin is moving up in an ascending channel with an upside around $75,000 and a downside around $55,000. In the short term, the analyst predicts BTC to jump up to $70,000 before consolidating further.

“Short term. Price still within the rising channel. To the 70K area followed on by a consolidation wouldn’t surprise me.”

Short term

Price still within the rising channel. To the 70K area followed on by a consolidation wouldn't surprise me. pic.twitter.com/bCDBHZxbPY
— dave the wave?? (@davthewave) November 8, 2021

On the longer term, the strategist expects Bitcoin to ascend the channel all the way up to $100K.

“Add in the time fib ratio and the price ratio hits the top of the LGC [Logarithmic Growth Curve]…”

Add in the time fib ratio and the price ratio hits the top of the LGC… https://t.co/dXhgpwNrMO pic.twitter.com/Mf6P1I8eHT
— dave the wave?? (@davthewave) November 6, 2021

At time of writing, BTC is trading at $64,467, after a corrective more few hours ago.

Verge (XVG)

Dave the Wave is also looking into a low-cap altcoin Verge (XVG). Verge is a privacy-focused blockchain that aims to offer a fast and efficient decentralized payments network making improvements on the original Bitcoin blockchain.

At the time of writing, XVG is trading at $0.0278. The analyst predicts a huge rally from its current price all the way to $2.00 as the bull cycle moves into 2022.