Bitcoin Surge To $180,000 Could Be Incoming, Says Analyst Who Announced Big Crypto Crash – Here’s When

The crypto strategist who nailed the May 2021 Bitcoin crash says BTC are flashing signals that suggest the cryptocurrency royal is gearing up for a massive move up.

Anonymous analyst Dave the Wave tells his 134,500 Twitter followers that multiple technical indicators are turning bullish for BTC.

“The real possibility of a big BTC move [manage risk to both sides]:

  • Weekly MACD [moving average convergence/divergence] in the same area
  • The histogram as expanded
  • Price in the bottom bar/buy zone.’
source: Dave Wave/Twitter

Looking at Dave the Wave’s chart, Bitcoin seems to be following its technical setup in the second quarter of 2019, when BTC rose from around $4,000 to $14,000 in a few months. According to the analyst, the MACD, which is a trend reversal indicator, is currently moving in the same zone as before the BTC surge in 2019. The histogram, which measures the convergence or divergence of moving averages, is also up and up, similar to the setup of bitcoin for Q2 2019.

The crypto strategist says Bitcoin could grow 676% by 2024 based on his Log Growth Curve (LGC) model.

“BTC Technical Target of $180,000 Late Next Year…”

Bitcoin Surge To 0,000 Could Be Incoming, Says Analyst Who Announced Big Crypto Crash – Here’s When
source: Dave Wave/Twitter

LGC is the analyst’s attempt to predict the boom and bust cycles of Bitcoin amid changing macroeconomic conditions.

According to Dave the Wave, the LGC model is designed for long term Bitcoin investors.

“BTC charts are for investors – buying multiple tranches over a reasonable period of time…. with a price in the ‘buy zone’… it could prove to be a good investment in the future.”

At the time of writing, Bitcoin changed hands for $23,171, a fractional increase for the day.

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