Closely followed analyst Dave the Wave thinks that Bitcoin (BTC) has entered a new bullish period. Here are the indicators on which the analyst bases his forecast!
May 2021 Bitcoin (BTC) The popular analyst, who correctly predicted its collapse, said that if he were a “better”, he would have taken into account the weekly moving average convergence divergence (MACD) of Bitcoin.
Traders make use of the MACD indicator to detect possible trend reversals. That is, the MACD metric is a trend-setting indicator and a momentum indicator that shows the relationship between two different moving averages of prices.
Dave the Wave marks six important dates in BTC history, including the moment when the MACD was bullish just before major multi-week or multi-month rallies doing.
“Weekly BTC MACD.
If I were a bookie…”
Koinfinans.com As we have reported, the analyst proposes an interesting way for his long-term forecast. Dave the Wave prefers to pair Bitcoin with gold instead of dollars. The analyst suggests that for about 20 years, BTC could reach the same market cap as gold, which could mean a price increase of about 22 times.
“Matching BTC against USD to reveal LGC (logarithmic growth curve) is fine as long as prices move exponentially.
But to be precise, LGC I think XAU [altın] will only plateau against… 22x, [2023 terimleriyle] It gives a BTC market cap of 12 trillion USD. This is close to the current market value of gold of $13 trillion.
Of course in the 2040s [isim olarak USD olsa bile] will be priced in a different currency. 400 ounces of 1 BTC at best [altına] to say they can be equal.”
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