Bitcoin on Track for Massive End-of-Year Fireworks, According to Trader Who Called 2021 Market Collapse
A crypto strategist that nailed the market of the Bitcoin market in 2021 believes that BTC remains on the right track to print new heights of all time this year.
Pseudonym analyst Dave the wave tell Its 150,500 subscribers on the X social media platform that Bitcoin can rise to more than $ 200,000 by the end of the year on the basis of its logarithmic growth curve (LGC).
Dave The Wave has shared a graphic that shows that BTC has been out of the LGC's “purchasing area” since its last negotiation of around $ 40,000.
The LGC aims to provide the uproar and the lower bitcoin bitcoin cycle while filtering the short -term volatility.
“Table of the moment when BTC was much lower than half of the current price and in the LGC purchase area. Price on the right track. “
The analyst said The latest Bitcoin rally by recovering the range of $ 90,000 still validates its price forecast.
“Bang on the target.”
He too actions A graphic suggesting that Bitcoin remains in an ascending channel in the LGC.
“BTC falling back as a watchmaking work – market maturity.”
Finally, the analyst notes that the weekly indicator of divergence of average convergence of the means of the logarithmic (LMACD) is still above the zero line, which has historically acted as BTC support.
The LMACD indicator is designed to report changes in the trend, strength and momentum of an active. As a rule, an asset is considered to have an upset once it crosses the zero LMACD line.
“Reminder: the weekly MacD BTC is not in the bear territory, below the zero line, since the beginning of 2023.”
Bitcoin is traded at $ 92,651 at the time of writing, up 2.2% in the last 24 hours.
Follow us X,, Facebook And Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
