Here’s how soon it will happen

Cryptocurrency analyst Dave Wave anticipation bitcoin (CRYPTO: BTC) price collapse which in 2022.

He is now anticipating a massive rally in the major cryptocurrency. Based on the Logarithmic Growth Curve (LGC), the analyst predicts that Bitcoin could surge to $160,000 by January 2025.

He took to Twitter to share his thoughts on Bitcoin and said that it could easily make 10x over the next two years.

Dave the Wave says that the LGC model continues to track bitcoin price action despite the doom and gloom surrounding the cryptocurrency markets.

He adds that the baseline of the pattern will continue to act as support, just as the LGC top served as resistance during the recent bull run.

The previous “bubble” effectively “burst”. However, it is something else entirely. Where speculative excess culminates in a series of intermittent peaks, corrections provide a baseline of sorts, with that baseline representing a logarithmic growth curve,” the analyst said on Twitter.

At the time of writing, Bitcoin was trading at $16,613, down about 1% in the past seven days.

read the following: Why This Crypto Analyst Says Bitcoin is likely to experience a negative move before climbing

See more from Benzinga

Never miss real-time alerts on your stocks – join Benzinga Pro Free! Try the tool that will help you invest smarter, faster and better.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

See also  Discovery controls HBO, CNN and Warner Bros. , creating a new media giant

Leave a Reply

Your email address will not be published.