Veteran trader Dave the Wave is predicting gold will soon hit a massive price target as the precious metal’s bull run continues. The pseudonymous trader tells his 152,100 followers on X that gold will likely hit $4,000 in the near term as he predicts a $7,000 price target in the coming years. The trader shares […] The post Gold About To Climax Into Massive Price Target, According to Trader That Called 2021 Market Cycle Top appeared first on The Daily Hodl.Veteran trader Dave the Wave is predicting gold will soon hit a massive price target as the precious metal’s bull run continues. The pseudonymous trader tells his 152,100 followers on X that gold will likely hit $4,000 in the near term as he predicts a $7,000 price target in the coming years. The trader shares […] The post Gold About To Climax Into Massive Price Target, According to Trader That Called 2021 Market Cycle Top appeared first on The Daily Hodl.

Gold About To Climax Into Massive Price Target, According to Trader That Called 2021 Market Cycle Top

By: The Daily Hodl

2025/10/01 15:04

TRADER$0.0001117-1.15%

Veteran trader Dave the Wave is predicting gold will soon hit a massive price target as the precious metal’s bull run continues.

The pseudonymous trader tells his 152,100 followers on X that gold will likely hit $4,000 in the near term as he predicts a $7,000 price target in the coming years.

The trader shares a monthly gold chart suggesting that the precious metal is in the midst of a steep uptrend.

“Gold/USD closing in on shorter-term target.”

A line chart displaying gold prices in USD over time, spanning from the 1970s to 2024. The chart shows price fluctuations with upward trends, marked by annotations indicating specific price targets. A "TradingView" watermark is visible at the bottom.

Source: Dave the Wave/X

At time of writing, gold is trading for $3,856 per ounce.

Next up, the analyst says that Bitcoin (BTC) may be gearing up for an explosive breakout after entering a consolidation phase.

“People easily forget that BTC did a massive 64% move recently, from $74,000 to $123,000. TA (technical analysis) fixes this. This sideward ranging nearing the length of that move.”

A chart displaying Bitcoin price movements over time from 2023 to 2024. The chart includes candlestick patterns, trend lines, and annotations marking price levels at 74k and 123k. A watermark from TradingView is visible.

Source: Dave the Wave/X

Dave the Wave also says that Bitcoin continues to trade within what he refers to as “logarithmic growth curves,” which aim to pinpoint the macro highs and lows of BTC market cycles while filtering for shorter-term volatility.

“BTC effectively tracking the one year moving average and consistent with the logarithmic growth curve – explosive gains early on then increasingly plateauing. Maturing market. The LGC same curves since 2018 and where price couldn’t currently be better placed.”

A chart displaying Bitcoin price trends over time from 2010 to 2024. The chart includes a logarithmic growth curve, a one-year moving average line, and price data plotted in orange. Text overlays indicate an "Inflection point of the LGC curve" and specific price levels like "69,000 USD" and "20,000 USD." A TradingView watermark is visible at the bottom left.

Source: Dave the Wave/X

Looking at his chart, the trader suggests that Bitcoin could potentially hit $400,000 around 2028.

Bitcoin is trading for $114,733 at time of writing, up marginally on the day.

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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 cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Gold About To Climax Into Massive Price Target, According to Trader That Called 2021 Market Cycle Top appeared first on The Daily Hodl.

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