Expert Who Predicted 2021 Market Crash Unveils Latest Bitcoin Price Forecast

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 12 2025

BTC+1.836%

LUNA-2.817%

Should l Buy BTC?

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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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36391.603	48195.801	61127.353	72931.551	85863.103	97667.301	110598.853
Fibonacci	48195.801	57644.858	63482.495	72931.551	82380.608	88218.245	97667.301

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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