May 2021 Bitcoin (BTC) The analyst, who correctly predicted the crash and is known by the nickname Dave the Wave, has been bullish on Litecoin (LTC) and Bitcoin (BTC).
The popular trader says LTC can exit the triangle pattern formed on its chart with an upside break. allegation is doing. However, he points out that Bitcoin has bounced off a key support level.
“LTC signals to start a runner…
As they say, ‘Don’t spend your life on a coin.’ This allows you to diversify a bit, protect your investments, get some profit from volatility, and at the same time stay in your main BTC investment for a long time.”
Examining Bitcoin in more detail, Dave the Wave claims that BTC is following a scenario he proposed in February of this year. According to the potential scenario, Bitcoin will reach around $150,000 in late 2024 or early 2025.
“Four months passed, BTC bullish wave scenario still on track…”
Earlier this month, the analyst said that big gains are now on the table for Bitcoin, based on a combination of the logarithmic growth curve model and Fibonacci levels.
“With a consensus that the BTC bottom is forming, the question that comes up more and more is what the next high might be. A proportional response within the parameters of the LGC (logarithmic growth curve) … (This indicator) has been working since 2018.”
At press time, Bitcoin is trading at $30,591.
You can follow the current price action here.