Now he expects a huge spike for apex crypto. Based on its Logarithmic Growth Curve (LGC), the analyst predicts that Bitcoin could rise to $160,000 by January 2025.
He took to Twitter to share his thoughts on Bitcoin and said he could easily make 10x more in the next few years.
The LGC model continues to track Bitcoin’s price action despite the gloom and doom surrounding crypto markets, says Dave the Wave.
He adds that the pattern’s baseline will continue to act as support, just as the top of the LGC served as resistance during the last bull market.
“The previous ‘bubble’ has effectively ‘burst’. However, this is something else altogether. When speculative excess culminates in a series of broken peaks, corrections provide something of a baseline, and that baseline is a logarithmic growth curve,” the analyst said on Twitter.
At the time of writing, Bitcoin was trading at $16,613, down about 1% over the past seven days.
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