Analyst Who Nailed May 2021 Bitcoin Crash Says BTC Looks Bullish With Plenty of Wiggle Room Despite Pullback

The crypto strategist who precisely referred to as Bitcoin’s 2021 collapse says BTC stays bullish regardless of correcting over 15% in a couple of week.

The pseudonymous analyst recognized within the trade as Dave the Wave tells his 124,000 Twitter followers that Bitcoin could also be mirroring its 2018 backside the place it printed an ascending triangle sample to crawl out of the bear market.

“You possibly can measure the fractal with an actual [Fibonacci]… or simply use the comparative angle. Loads of wiggle room whereas staying bullish on the macro.”

Supply: Dave the Wave/Twitter

In response to the crypto analyst, Bitcoin continues to respect key Fibonacci retracement ranges amid the pullback.

“At present a 50% retracement of the latest transfer up. And a 38% retracement of the macro.” 

Supply: Dave the Wave/Twitter

At time of writing, BTC is buying and selling at $21,286, above Dave the Wave’s key Fibonacci space of $21,000.

Though Dave the Wave says BTC nonetheless seems bullish, fellow crypto analyst Sensible Contracter doesn’t share the identical sentiment. The crypto strategist who precisely predicted the 2018 bear market backside for Bitcoin believes BTC is poised to print a brand new cycle low.

“My god that was quick. In all probability not concerned about shopping for any BTC till it makes a brand new low under $17,000 now. That chart is ugly as hell.”

Supply: Smart Contracter/Twitter

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