A cryptocurrency trader and strategist who accurately predicted last year’s Bitcoin crash says one altcoin that was hammered during the brutal bear market has massive upside potential.
The pseudonymous crypto strategist Dave the Wave tells his 34,000 Twitter followers that South Korean blockchain interoperability protocol ICON (ICX) may be gearing up for a parabolic breakout after languishing in bear territory for over two years.
During that period, ICX wiped out 99% of its value as the coin nosedived from its all-time high of $12.64 to a bear market low of $0.106937, according to CoinMarketCap.
According to Dave, the huge devaluation puts ICX in a position to surge to $102.56 and post astronomical gains of 22,947% in the next bull cycle.
Meanwhile, the crypto trader is updating his Bitcoin roadmap.
Dave says the king crypto has already resolved the large symmetrical triangle that has kept the market bearish for over two years. He now expects BTC to launch a vertical ascent to $24,000 in the coming months.
Based on Dave’s chart, Bitcoin will likely continue trading inside another triangle until the second quarter of 2021. The breakout from this pattern could ignite a manic phase that would catapult BTC to $115,000.
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Featured Image: Shutterstock/Tithi Luadthong
