An analyst who correctly named the big crypto crash of May 2021, bitcoin It’s not entirely unlikely that (BTC) will hit an all-time high this year. says.
Popular for predicting that the Bitcoin price will exit the bear market near the $20,000 level. Dave the Waveannounced that the peak price of $ 69,000 in 2023 is not a dream.
“A move that will push the previous BTC to an all-time high this year is entirely possible:
– less steep valuation rate
– plenty of time equals fall
– only in the middle of the logarithmic growth curve channel
– 25% of the way is already done.”
The analyst specializes in using logarithmic growth curves (LGCs) that aim to map the long-term fair value of Bitcoin through its upward and downward volatility cycles. BTC has been in the “buy zone” of Dave the Wave’s LGC since June 2022. He states that the fact that the price has been in its “buy zone” for over eight months is a good sign for Bitcoin.
“Perhaps it is positive to see BTC price in the LGC buy zone for a long time…
‘Easy’ money rather than those trying to trade with short-term fluctuations [zaten uzun değilse] The position will be won by those who create it.
Of course that takes time… and of course the LGC model is needed, which should always be hedged.”
You can follow the current price action here.