Analyst Who Called May 2021 Bitcoin Crash Predicts Epic Rally to $350,000 – Here’s His Timeline – The Daily Hodl
The crypto strategist who appropriately referred to as Bitcoin’s (BTC) collapse in May 2021 is predicting a meteoric ascent for the king crypto within the coming years.
Pseudonymous analyst Dave the Wave tells his 130,200 Twitter followers that Bitcoin may ascend to $350,000 by December 2027 primarily based on his logarithmic development curve (LGC) mannequin.
“Though $350,000 might be…”
Supply: Dave the Wave/Twitter
Based on Dave the Wave, the LGC mannequin is designed to observe Bitcoin’s long-term uptrend amid altering macroeconomic forces.
The crypto strategist additionally notes that the LGC mannequin has held up to this point regardless of wild swings in investor sentiment.
“BTC.”
Wanting on the investor’s chart, the vary excessive of the mannequin continues to function resistance at the same time as market members have been extraordinarily bullish on BTC in 2018 and in 2021. The chart additionally reveals that the decrease boundary of the mannequin is at the moment appearing as assist regardless of the intense bearish sentiment on BTC.
Dave the Wave highlights that the LGC can maintain investor expectations extra aligned with the markets in periods when BTC is buying and selling close to the highest or backside of the mannequin.
“It’s easy to say up up up at the top, and down down down at the bottom. Not so easy is to say down at or near the top, and up at or near the bottom. The LGC fixes this.”
At time of writing. Bitcoin is buying and selling at $17,071, hovering barely above the assist stage of the LGC mannequin.
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