Famous for his accurate predictions about the cryptocurrency market, Dave the Wave, bitcoin warned his bulls. The analyst believes the bulls are currently at a “weird” price target. believes.
According to Dave the Wave, too many traders have pointed out that they are currently following a flat diagonal resistance and set a price target heading towards the six-digit numbers.
Dave the Wave instead uses logarithmic growth curves (LGCs) to map Bitcoin’s potential trajectory, depicting decreasing volatility and thus smaller rallies and less dramatic corrections over time.
LGC is designed to predict long-term highs and lows over the life of Bitcoin while ignoring short-term volatility.
According to the trader’s chart, the LGC model shows that the price of Bitcoin will reach a price of $ 200,000 by the end of 2026.
Dave the Wave also thinks that despite BTC being “relatively high” after its strong performance so far this year, Bitcoin price is still in the opportunity zone for long-term investors as it hovers around $30,000.
Dave the Wave believes that Bitcoin has bottomed out recently and now the real question has to be how high BTC can go.
Now that a consensus has emerged that BTC has bottomed out, the question of what the next high might be is coming up more and more. A proportional response within LGC’s parameters… it has been performing since 2018.
The trader concluded his forecast with a chart where he expects the price to be $157,512 by 2025.
