Predicted surge in Bitcoin value to $160,000 within a month, as per trader who accurately foretold May 2021 crash
In the ever-evolving world of cryptocurrency, exciting developments continue to unfold. One of the most significant predictions comes from veteran trader Dave the Wave, who foresees a potential Bitcoin melt-up with a price of $160,000 in the coming months.
As of August 11, 2025, Bitcoin is trading at $122,047, having shown strength around the $115,000 to $120,000 mark but facing resistance near the $116,000–$118,000 levels. The cryptocurrency has faced potential pullbacks toward $110,000 to $112,000 due to Fibonacci retracements and technical support zones.
Dave the Wave's prediction is based on a technical setup for Bitcoin, looking for it to hold an ascending support line and rally toward a diagonal resistance level. However, it's important to note that this bullish outlook is challenged by profit-taking and macroeconomic uncertainty, as significant profit-taking occurred mid-August, causing short-term price dips. Macro factors, like mixed US inflation data and Fed rate cut expectations, have heavily influenced price volatility and sentiment.
While Dave the Wave is bullish on Bitcoin, he also believes a break-down in Bitcoin dominance (BTC.D) may occur, potentially leading to lower levels. This could pave the way for altcoins to shine.
Meanwhile, in the world of blockchain-based projects, Remittix has announced the launch date of its Beta Web3 wallet. The presale for the project has already passed $18.7 million. Elsewhere, NODO and Momentum have partnered to deploy AI-driven vault strategies on the Sui Network.
The dYdX Foundation has raised $8 million to accelerate ecosystem growth, and Vantum Wallet Beta is reporting strong daily transaction activity. The future of e-commerce is being shaped by ECM Coin Founder Tanvirul Islam Prince, who is building the platform through blockchain technology.
In other news, SwaggyX.com has launched an AI-powered web 3.0 prediction platform for crypto, sports, and global events. FLOKI's Valhalla MMORPG is storming US television with a 60-day national commercial blitz.
It's essential to remember that investment in cryptocurrencies carries high risks. The Daily Hodl does not provide investment advice and encourages readers to do their own due diligence before making any high-risk investments.
In a separate development, JPMorgan Chase employee accidentally unfreezing a scammer's stolen money, causing a loss of $20,000 for an Arizona couple. Meanwhile, Brian Armstrong, the CEO of Coinbase, addressed the UK ban of Coinbase's commercial, stating it is a statement on the financial system not working for many.
As always, stay tuned for more updates in the ever-evolving world of cryptocurrency.
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