Bitcoin Rise to $180,000 Could Happen, Says Analyst Who Called Major Crypto Crash Here When

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The crypto strategist who nailed Bitcoin’s May 2021 crash says BTC is giving off flashing signals that suggest the crypto king is gearing up for a massive move higher.

Pseudonymous analyst Dave the Wave tells his 134,500 Twitter followers that several technical indicators are turning bullish for BTC.

“The Real Possibility of a Big BTC Move [manage risk to both sides]:

weekly MACD [moving average convergence/divergence] in the same area Extended Histogram Price in the lower band / buy zone. »Source: Dave the wave/Twitter

Looking at Dave the Wave’s chart, Bitcoin appears to be following its Q2 2019 technical setup, when BTC surged from around $4,000 to $14,000 in a matter of months. According to the analyst, the MACD, which is a trend reversal indicator, is currently hovering in the same area as before the BTC surge in 2019. The histogram, which measures the convergence or divergence of moving averages, is also on the upside, similar to Bitcoin’s Q2 2019 setup.

The crypto strategist says Bitcoin can explode 676% by 2024 based on his logarithmic growth curve (LGC) model.

“A technical target for BTC of $180,000 by the end of next year…”

Source: Dave the wave/Twitter

The LGC is the analyst’s attempt to predict Bitcoin’s boom and bust cycles in a changing macroeconomic environment.

According to Dave the Wave, the LGC model is designed for long-term Bitcoin investors.

“BTC charts are for investors buying in a few increments over a reasonable period of time…. with a price in the “buy zone”… may prove to be a good investment in the future. »

At the time of writing, Bitcoin is changing hands for $23,171, a fractional increase on the day.

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