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Cryptocurrency analyst Dave the Wave predicted the Bitcoin (CRYPTO:BTC) price crash, which took place in 2022.
Now he anticipates a massive rise in the crypto apex. Based on its logarithmic growth curve (LGC), the analyst predicts that Bitcoin could hit $160,000 by January 2025.
He took to Twitter to share his thoughts on Bitcoin and said he could easily do a 10x in the next two years.
The LGC model continues to track Bitcoin price action despite the gloom surrounding the crypto markets, says Dave the Wave.
He adds that the model’s baseline will continue to serve as support, just as the top of the LGC served as resistance during the last bull market.
“The previous ‘bubble’ is effectively ‘burst’. However, that is something else entirely in the aggregate. Where speculative excess culminates in a series of punctuated peaks, corrections provide a sort of baseline, this baseline representing a logarithmic growth curve,” the analyst said on Twitter.
At the time of this writing, Bitcoin was trading at $16,613, down about 1% over the past seven days.
Read next: Why This Crypto Analyst Says Bitcoin Is Likely To Take An Adverse Move Before Climbing
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