Expert Who Predicted 2021 Market Crash Unveils Latest Bitcoin Price Forecast
Dave the Wave's Prediction: Crypto analyst Dave the Wave foresees a "worst-case scenario" for Bitcoin, suggesting it could dip below the current price of $90,464, with a likely support level at $70,000.
Market Context: The crypto market is experiencing turbulence, with Bitcoin struggling to maintain its value after reaching a high of over $126,000 in early October 2025, and other cryptocurrencies facing similar challenges.
Impact of Regulatory Actions: The 2021 crypto market collapse was influenced by regulatory crackdowns, particularly from China, and the ambiguous stance of the U.S. on cryptocurrency, leading to significant project failures.
Recent Developments: Terraform Labs co-founder Do Kwon has been sentenced to 15 years in prison for fraud, and the crypto analytics firm DappRadar has shut down due to the current market environment.
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