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<p><a href="https://www.newsbtc.com/news/new-all-time-highs-for-bitcoin-in-2023-analyst-shares-ultra-bullish-prediction/">Crypto analyst Dave the Wave</a> has shared a bullish prediction for the <a href="https://bitcoinist.com/bitcoin-spot-etf-will-offer-less-chaotic-entry-for/" rel="nofollow">flagship cryptocurrency, Bitcoin</a>. He believes that the crypto token could rise to as high as $200,000 and even provided a timeframe using technical analysis.</p> 
<h2 id="when-bitcoin-will-hit-200-000">When Bitcoin Will Hit $200,000</h2> 
<p>In a <a href="https://x.com/davthewave/status/1730391810407879123?s=20" rel="nofollow">post</a> shared on his X platform, Dave the Wave shared an accompanying chart that put <a href="https://bitcoinist.com/3-reasons-why-bitcoin-price-38500/" rel="nofollow">Bitcoin’s price</a> at $200,000 on December 1, 2025. Alongside this, he made known the fact that BTC’s <a href="https://bitcoinist.com/bitcoin-price-santa-rally-macd/" rel="nofollow">moving average convergence divergence</a> (MACD) indicator seems very bullish.&nbsp;</p> 
<p>The crypto analyst went on to give another scenario on how things could play out in terms of this price projection. According to him, <a href="https://bitcoinist.com/bitcoin-to-hit-150k-by-2025-financial-firm/" rel="nofollow">Bitcoin hitting $200,000</a> could be front-run by a year, meaning that it could happen as soon as December 1, 2024. He noted that this could happen when most people are anticipating this price level.&nbsp;</p> 
<p>Dave the Wave had also earlier predicted that Bitcoin could hit a new all-time high before the year ran out. Based on the chart he shared then, he hinted that the BTC price could hit $69,000 this year. The crypto analyst doesn’t seem to have given up on that happening, as he recently shared an <a href="https://x.com/davthewave/status/1731537245335904703?s=20" rel="nofollow">updated chart</a> suggesting that Bitcoin could still hit that price level before 2024.</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/YVdUrIb2/" alt="Bitcoin price chart from Tradingview.com" width="2650" height="1530"></p> 
<h2 id="btc-price-above-41-000">BTC Price Above $41,000</h2> 
<p>The flagship cryptocurrency broke above $41,000 to so much excitement from the crypto community. Bitcoin is on a <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-spot-etf-sec-delays-38000/#:~:text=Eyes%20ETH%20ETF-,Bitcoin%20Spot%20ETF%3A%20SEC%20Delays%20Fail%20To,BTC%20As%20Price%20Clears%20%2438%2C000&amp;text=The%20Securities%20and%20Exchange%20Commission's,delay%20two%20Spot%20Bitcoin%20ETFs.">run right now</a> and many believe that it is only up from here on. The reason for this rally has so far been attributed partly to an <a href="https://www.newsbtc.com/news/bitcoin/bloomberg-spot-bitcoin-etf/#:~:text=Bloomberg%20Analyst%20Predicts%20Likelihood%20Of%20A%20Spot%20Bitcoin%20ETF%20By%20January%202024,-by%20Scott%20Matherson&amp;text=Following%20notable%20changes%20to%20the,as%20early%20as%20next%20year">imminent approval</a> of a <a href="https://bitcoinist.com/bitcoin-etf-the-excitement-and-regulatory-hurdles/" rel="nofollow">Spot Bitcoin ETF</a>. Others believe that it is simply because the <a href="https://bitcoinist.com/bitcoin-showing-unprecedented-pre-halving-price-action-heres-what-this-means/" rel="nofollow">Bitcoin Halving is around the corner</a>.</p> 
<p>Whatever the reason is, what is most obvious is the significant amount of investors trooping into the crypto market right now, with Bitcoin in particular. Two weeks ago, BTC <a href="https://jbutterfill.medium.com/volume-159-digital-asset-fund-flows-weekly-report-0103828f4a3d" rel="nofollow">saw</a> inflows totaling US$312m, bringing its year-to-date inflows to just over US$1.5 billion. Liquidity is also flowing into the ecosystem of other tokens like Ethereum, XRP, Solana, Cardano, and BNB.&nbsp;</p> 
<p>With Bitcoin above $40,000, Dave the Wave seems more optimistic than ever. In one of his most recent X posts, he <a href="https://x.com/davthewave/status/1731489106432291261?s=20" rel="nofollow">mentioned</a> that BTC could go “parabolic” if it breaks the upward channel. From the chart he shared, $44,000 seems to be the next stop for the flagship cryptocurrency.&nbsp;</p> 
<p>At the time of writing, Bitcoin is trading at around $41,400, up by over 5% in the last 24 hours according to <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;</p>

Crypto Analyst Predicts Bitcoin 400% Surge To $200,000, Here’s When

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