Bitcoin News
By Maheen Hernandez
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Bitcoin’s price movements in 2025 continue to stir debate among analysts and traders alike. Yet one voice is cutting through the noise: the pseudonymous market expert known as…
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According to Dave the Wave, a prominent figure on the social media platform X with more than 153,000 followers, Bitcoin is currently forming a bullish continuation pattern on the…
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The cup and handle pattern, for those unfamiliar, is typically seen as a bullish signal that follows a rounded bottom (the cup), followed by a consolidation period (the handle).
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In his view, the handle forming now appears weaker than what would typically complete an inverse head and shoulders structure.
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Earlier in 2025, Dave the Wave forecasted that Bitcoin could climb to $160,000, a level that seemed ambitious at the time but now appears increasingly plausible given current…
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Unlike earlier cycles, where Bitcoin would often reach new highs only to crash shortly after, the recent behavior has been characterized by steady growth, periodic consolidation,…
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Dave highlights a key difference in this cycle — the consolidation periods between rallies are laying strong foundations for future moves.
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Adding to this technical thesis is the broader sentiment around Bitcoin. On-chain data shows that long-term holders remain strong, and many weak hands have already exited.
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Dave the Wave’s commentary aligns with what many in the crypto space are feeling: that this market cycle is different.
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Currently trading around $108,000, Bitcoin is comfortably above its major support zones. The market has seen brief dips into the $98,000–$100,000 range over the past two months,…
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Looking ahead, if Bitcoin can maintain its current levels and break through the $110,000 resistance with conviction, the next leg of the rally could be set in motion.
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This scenario is gaining traction among traders and analysts, especially those who are closely watching long-term technical indicators and macro trends.
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Whether or not Bitcoin reaches the $160,000 mark remains to be seen, but one thing is clear: the current setup is one that has caught the attention of some of the sharpest minds…
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