Will Bitcoin Reach $200,000? Market Strategist Predicts Bullish Surge

Renowned market strategist Dave the Wave has identified a potential bullish turnaround for Bitcoin through an early-stage inverse head and shoulders pattern on its daily charts. This technical formation, historically associated with increased buying pressure, suggests a significant price surge for the cryptocurrency. According to his analysis, Bitcoin’s price may establish a neckline around $90,000 before a drop to $80,000, forming the right shoulder of the pattern. Following this, he anticipates a bullish rally that could push Bitcoin’s value to an estimated $117,000.