Bitcoin Will First Provide a Buying Opportunity: A 400 Percent Rise is Expected!

Cryptocurrency analyst Dave the Wave focused on 2 critical points while sharing his expectation of a 400% rise in Bitcoin.

Dave the Wave included Bitcoin in a recent analysis. The analyst, who believes that the declines will remain as a healthy correction, reminded that corrections of up to 40% were seen in previous bull cycles.

The analyst stated that it could fall to the 40 thousand dollar range before a 400% rise and that this decline could create a historical buying opportunity and urged investors to focus on these 2 points.

However, he stated that there may be another decline towards the 0.38 Fibonacci level and emphasized that the price could be reduced to 44 thousand dollars. Still, he noted that these short-term declines will create opportunities for long-term gains:

A similar 40% decline just north of the 0.38 Fibonacci level could see $44,000. Bitcoin price returning to the trend line and buy zone will create opportunities for everyone.

Short term pain can be long term gain

Dave the Wave continued his analysis, arguing that this opportunity pointed to the last serious buying area for the bull market, and invited investors to think long-term.

He did not hesitate to reiterate that this cycle of short-term pain is the only key to long-term gain.

According to CoinGecko data, Bitcoin, which has increased by 0.1% in the last 24 hours, is traded at $ 57,000 at the time of writing.

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