A closely followed crypto analyst known for accurately calling the crash of May 2021 is laying out a realistic price path for Bitcoin (BTC) to follow to new all-time highs.

The pseudonymous analyst known as Dave the Wave tells his 105,000 followers on Twitter that he foresees a potential scenario where the king cryptocurrency chops around for the next year or so before cracking the $70,000 level around the end of 2023.

Based on Dave the Wave’s chart, he believes BTC is capable of reaching a cycle peak near $200,000 around May or June of 2024 or about two years from now.

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