Analyst Knowing Critical Bitcoin Levels: We’ll See These Levels!

Analyst Knowing Critical Bitcoin Levels: We’ll See These Levels!
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A crypto analyst who knew the Bitcoin (BTC) crash last year for real, predicts a huge surge for king crypto. The recognized analyst points to a $160,000 level for BTC. The expert name uses the logarithmic growth curve (LCG) application in his analysis. Here are the details…

Analyst points to $160,000 for Bitcoin

The analyst, known in the industry as Dave the Wave, tells his 131,900 Twitter followers that based on the logarithmic growth curve (LGC) model, Bitcoin could soar to $160,000 by January 2025. He stated that LGC has passed the test of four years of time. The analyst used the following words:

Based on LGC that has stood the test of time for four years, BTC could easily do 10x in the next few years…

bitcoin

As we reported, the LGC model is the analyst’s attempt to predict the cyclical ups and downs of Bitcoin amid changing macroeconomic conditions. According to the crypto strategist, LGC and its claim remain valid as long as Bitcoin stays above the reinforcement of the model on a multi-month basis. The analyst used the following terms:

As for when LGC might be overridden by future price – there could be a multi-month close significantly below the base curve as it is a macro pattern.

Analyst Knowing Critical Bitcoin Levels: We'll See These Levels!

Correction rates are increasing

Dave the Wave also says that the LGC model continues to monitor Bitcoin’s price action despite the gloom and pessimism surrounding the crypto markets. So far, the base of Bitcoin’s LGC has proven to be the most appropriate reinforcement of the price, according to the analyst. It is stated that the 23, 38, 50 percent incremental correction of the cycles was seen implicitly in the chart a year ago. He also believes that the baseline of the pattern will continue to serve as the anchor, with the LGC peak serving as resistance in the last bull market. The analyst used the following terms:

The previous ‘balloon’ ‘burst’ in an effective form. It’s actually quite another thing. Where speculative excess peaks at a series of dotted peaks, the corrections serve to provide a kind of baseline, and this baseline represents a logarithmic growth curve.

Analyst Knowing Critical Bitcoin Levels: We'll See These Levels!

At the time of writing, Bitcoin is changing hands at $16,557, with a partial drop on the day. BTC, which is the largest cryptocurrency with a market value of 318 billion dollars, has not changed much in the last 7 days. The coin has lost 1.8 percent in the past week. In the last 24 hours, it lost 0.2 percent in value. As we enter the new year, investors seem to have moved away from the cryptocurrency space. Meanwhile, Dave the Wave made some valuable claims. As we reported earlier, the analyst knew the collapse in the Bitcoin (BTC) and crypto market last year as truth.

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