According to a widely-followed crypto analyst, gold is still on track to reach a massive new level in the first quarter of this year.
Dave the Wave, a crypto market analyst on X tells his 154.100 followers that the gold metal remains in a bullish ascending trough and is capable of reaching $5,000 within months.
At the time of this writing, gold is currently trading at $4.617 an ounce, which represents a slight increase over yesterday.
Dave the Wave says Bitcoin is also on the brink of leaving behind a critical resistance level, $94,337. This could allow the crypto-asset to possibly return to the $100,000 mark.
A BTC breakout would lead to a target of $110,000 in the short-term and then back up through that psychologically important six-figure figure.
Bitcoin has risen by 3.4% over the past 24 hours to $94,993.
At the time this article was written, ETH traded for $3.328, an increase of 6.4% over the previous day.
Please follow us at X@InvCryptoDaily
Subscribe for email alerts to avoid missing a beat
___________________
___________________
Sources of Images include Pixabay Creative Commons & Midjourney
This article Trader Who Called Crypto Collapse 2021 Details Bullish Gold price Target, Says bitcoin Eyes $110,000 first appeared on The ICD.
This site is for entertainment only. Click here to read more
