In the whimsical world of financial prognostications, one wonders if the fates conspire to lead us into grave misfortune or delightful windfalls. An analyst—a certain mysterious figure dubbed Dave the Wave—once foresaw the tragic collapse of the crypto market in 2021. Now, this sage of the screens alerts us that a crucial indicator is now emitting an optimistic gleam for Bitcoin (BTC), like a lighthouse guiding forlorn ships back to harbor.
Our intrepid seer, with a faithful following of 153,800 souls on the enigmatic platform X, proclaims the merits of the Moving Average Convergence Divergence (MACD) indicator, suggesting that the uphill trail of Bitcoin may persist—a cheerful prospect indeed for the weary investor’s heart.
“Longer-term monthly BTC MACD turning upward again,” he notes, his optimism as infectious as a sneeze at a crowded opera.
Gazing at his monthly chart, our oracle observes that the MACD histogram, akin to a wilting flower, initially commenced its downward arc, but—wonder of wonders!—has now started to rise again, like a phoenix from the ashes, or perhaps a slightly burnt soufflé.
But wait! There’s more! Our seer prophesizes that Bitcoin might soon ascend to the majestic sum of $160,000 within mere months—a dizzying leap of over 47% from its current, moderately disappointing figure. It’s as if a tortoise discovered caffeine and sprinted ahead of the hare.
“The BTC microcosm of the macro,” he adds, as if he were sketching profound existential ideas on the back of a takeaway menu.
From the vantage point of his graphical wizardry, the analyst suggests that Bitcoin flits about in a range marked by $75,000 below and $160,000 above—like a child playing hopscotch, blissfully oblivious to the adult world’s trials.
In conclusion, he espouses that should Bitcoin maintain its buoyancy, a mild market correction might see our beloved crypto asset decorously resting at $100,000, steadfastly resisting a more disheartening plunge into the depths of $90,000.
“If the fractal held, a very weak partial right shoulder would form, not a full one – $100,000, not $90,000,” he quips, perhaps envisioning a delicate origami sculpture, too proud to crumple entirely.
As of the hour of writing, Bitcoin finds itself trading for $108,832, down a paltry 1.4% in the last 24 hours, as if the market itself has chosen to take a breather, or perhaps a nap. Sweet dreams, dear Bitcoin!
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2025-05-29 10:21