A widely followed crypto analyst says that gold remains on target to hit a new massive level early this year.
Crypto market analyst Dave the Wave tells his 154,100 followers on X that gold remains in a bullish ascending channel and that the metal is capable of hitting $5,000 within months.
[adinserter block="1"]“Gold: shorter-term target still on track.”
Gold is trading at $4,617 per ounce at time of writing, a marginal increase on the day.
Dave the Wave also says that Bitcoin may be on the verge of leaving a key resistance level at $94,337 behind, setting the top crypto asset up to possibly regain the $100,000 level.
“A BTC breakout here would see a $110,000 target on the shorter-term, and back through that psychologically significant six-figure number.”
Bitcoin is trading for $94,993 at time of writing, up 3.4% in the last 24 hours.
Meanwhile, ETH is trading for $3,328 at time of writing, up 6.4% on the day.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
