The closely watched crypto strategist who accurately called Bitcoin’s crash in May 2021 says he could see BTC rise exponentially in the coming years.
Dave the Wave tells his 118,000 Twitter followers that according to his Log Growth Curve (LGC) model, Bitcoin could see an increase of more than 1,100% in the next four years.
“Who’s to say we don’t get something like this? The main idea at play in this chart is that the multi-year trend line, which runs through the LGC, functions as a *mean* of price.”
Looking at the chart, the crypto strategist predicts a sustained Bitcoin rally to 260,000 by 2026.
In addition to predicting the May 2021 crash, Dave the Wave also I call BTC capitulation at around $25,000 in April this year when Bitcoin was trading at around $43,000. In both cases, the crypto strategist trusted in the LGC model.
dave the wave Stand out that LGC has been predicting BTC highs and lows since 2018.
“Well, as expected, it was thought that [to be conservative] in 2018 when it was first used. That price has now tracked the height and depth of those curves for a good few years now and should make them less amazing. although perhaps still undesirable for some.”
As for his short-term outlook on Bitcoin, the analyst says that BTC is gearing up to hit its $25,000 target.
“Bitcoin in the long-term buy zone for investors. short-term technical analyst [always more specualtive] – 25,000 target.”
At the time of writing, Bitcoin is changing hands for $21,442, in the green for less than 1% in the last day.
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Featured image: Shutterstock / Liu zishan / Natalia Siiatovskaia
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