Expert Forecasts Bitcoin’s Potential Climb to $160,000

Crypto analyst Dave the Wave has shared his predictions for Bitcoin’s future, anticipating a potential rise to $160,000. In a recent analysis on social media platform X, he suggests that Bitcoin might briefly dip to around $96,000 before embarking on a new rally in the medium to long term. This anticipated dip is partly based on the .382 Fibonacci retracement level, a historical support line for Bitcoin’s price.