Crypto Analyst Installed Bitcoin (BTCLast year’s crash predicts a massive rise in the king’s cryptocurrency.
An analyst known in the industry as Dave the Wave told his 131,900 Twitter followers that based on a logarithmic growth curve (LGC) model, Bitcoin could surge to $160,000 by January 2025.
“On the basis of LGC, which has withstood the test of time for four years, BTC could easily achieve 10x over the next two years…”
The LGC model is the parser model attempt To predict the highs and lows of the bitcoin cycle amid changing macroeconomic conditions.
According to the crypto strategist, LGC and his prediction remain Valid as long as Bitcoin stays above the support of the pattern on a multi-month basis.
“In terms of when LGC can be invalidated by the future price — a multi-month close is well below the underlying curve because it’s a macro model.”
Dave the Wave also says LGC model continuous To track the Bitcoin price movement despite the doom and gloom surrounding the cryptocurrency markets.
So far, the BTC LGC base has proven to be the best support for the price.
Real incremental correction of cycles [23% – 38% – 50%] Implicit in the graph from a year back…
broke down? Rather affirmation.
he is too Believes The baseline of the pattern will continue to act as support just as the LGC top acted as resistance during the recent bull market.
The previous “bubble” effectively “burst”. It’s something else in total. Where speculative excess culminates in a series of discontinuous peaks, corrections serve to provide a baseline of sorts, with that baseline representing a logarithmic growth curve.”
At the time of writing, Bitcoin was changing hands at $15,507, which is a partial pullback on the day.
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