A prominent cryptocurrency analyst indicates that Bitcoin (BTC ($108,032.49)) 
$108,365 may be preparing for a parabolic surge beyond its all-time highs. Pseudonymous trader Dave the Wave shared insights with his 147,000 followers, suggesting that Bitcoin could enter a period of strong upward momentum.
Resistance Levels and Potential Targets
According to Dave the Wave, Bitcoin could experience a new parabolic rally after surpassing the resistance at $105,000. If this level is breached, Bitcoin could potentially reach approximately $130,000 by May.
Support Levels and Current Status
The trader’s analysis indicates that there is a support level just below BTC around $92,000. At the time of writing, Bitcoin is trading above the identified resistance level at $108,386.
Fibonacci Extensions and Long-Term Targets
Using Fibonacci extension levels, Dave the Wave suggested that a potential cycle pea…