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Dave the Wave: Bitcoin (BTC) Primed To Explode by Over 400% ↗️↗️↗️ A crypto strategist who accurately called the May 2021 Bitcoin ($BTC ) crash believes that the flagship digital asset is poised for a big burst to the upside. The pseudonymous analyst Dave the Wave tells his 140,900 followers on the social media platform X that, based on his charts, Bitcoin could potentially surge to around $50,000 before correcting to the support level of just under $35,000. Following the deep corrective move, the analyst predicts that Bitcoin could rally to a price of up to $180,000 – a gain of about 424% from current levels. Dave the Wave appears to suggest that the six-figure price target for #BTC will be reached by April 2025...

Dave the Wave: Bitcoin (BTC) Primed To Explode by Over 400% ↗️↗️↗️

A crypto strategist who accurately called the May 2021 Bitcoin ($BTC ) crash believes that the flagship digital asset is poised for a big burst to the upside.

The pseudonymous analyst Dave the Wave tells his 140,900 followers on the social media platform X that, based on his charts, Bitcoin could potentially surge to around $50,000 before correcting to the support level of just under $35,000.

Following the deep corrective move, the analyst predicts that Bitcoin could rally to a price of up to $180,000 – a gain of about 424% from current levels. Dave the Wave appears to suggest that the six-figure price target for #BTC will be reached by April 2025...

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Bitcoin Mining Revenue Hits Yearly High Amid ETF-Fuelled Rally 🔥 According to Decrypt : Bitcoin mining revenue has hit a new yearly high, as the price of the cryptocurrency surged this week amid widespread excitement surrounding the possible approval of a U.S. spot Bitcoin ETF by the SEC. Per data from Blockchain.com, BTC mining revenue hit $42,386,514.038 on November 9, topping its previous yearly high of $41,744,197.067 set on May 8, 2023. For context: That's even higher than mining revenue was during the #ordinals craze in May. The spike in mining revenue came as $BTC 's price surged to more than $37,000 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). #BTC price currently stands at just over $37,200, up 7.5% on the week. "Bitcoin miners earn more when two main factors come into play: the price of BTC itself and how busy the Bitcoin network is," Blockchain.com President Lane Kasselman told Decrypt. "When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of #BTC ."
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