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Bitcoin and Ethereum close to record highs: This is the time!
Veteran trader Dave the Wave sees Bitcoin and Ethereum on the verge of new record highs. Forecasts and market analyzes from October 30, 2025.
Bitcoin and Ethereum close to record highs: This is the time!
Veteran trader Dave the Wave recently shared his views on Bitcoin and Ethereum that have investors taking notice. According to the current information from Daily Hodl Bitcoin (BTC) is on the verge of reaching a new all-time high.
The current Bitcoin price is $112,484 and has declined by 1.7% in the last 24 hours. However, Dave the Wave suggests that BTC could clear a key resistance level around $115,000. A chart he shared shows that Bitcoin has reclaimed significant Fibonacci retracement levels, which acts as support. His short-term price target is around $128,958, and he expects a new record high could be reached as early as next month.
Assessments of Ethereum and Cardano
In addition to Bitcoin, Dave the Wave has also set his sights on Ethereum (ETH). Ethereum’s current pricing is $3,989, down 3% on the day. The trader highlights that Ethereum may be forming a similar bullish pattern to that seen in 2020, indicating a significant breakout move ahead. He predicts that ETH could reach $12,000 by the end of the year.
Another altcoin that was mentioned is Cardano (ADA). Dave the Wave estimates that the price of Cardano could reach a target of around $2.90 in the coming months. Cardano’s current price is $0.64, down 3.3% on the day.
With over 151,800 followers on X, formerly known as Twitter, Dave the Wave closely follows crypto market developments and provides the community with valuable insights and predictions. Market participants will be watching closely to see whether his predictions for Bitcoin and Ethereum could mark the next crypto high.