A closely followed crypto analyst who accurately predicted the 2021 market crash says that Bitcoin (BTC) could hit a price tag of $180,000 by the end of the year.
In a new thread, the pseudonymous crypto trader Dave The Wave tells his 153,100 subscribers on X that based on rising support and resistance lines, the top crypto asset by market cap could surge to $180,000 in January 2026, which would represent about a 56% increase from current prices.
“$180,000 end of year, anyone?”
According to the trader, BTC’s bull run still looks strong even after a dip of about 8% – which he says is nothing compared to what it went through in early 2025 and last summer when it saw corrections of 30% or more.
“Perspective people. This BTC bull run has seen two 30% corrections. This 8% is not much to write home about.”
Bitcoin is trading for $114,617 at time of writing, a fractional decrease during the last 24 hours.
Dave The Wave also highlights that Bitcoin dominance (BTC.D) – which keeps track of what percentage of the crypto market cap belongs to Bitcoin – is set to continue its downward move, setting up the stage for altcoins to flourish, much like the last cycle.
“BTC dom is still on track…”
Bitcoin’s dominance level is currently sitting at 57.58% at time of writing, a decrease of 1.15% on the day.
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Featured Image: Shutterstock/Mars0hod
