A Crypto Analyst Who Correctly Called Bitcoin (Bitcoin) Last year’s collapse predicts King Crypt’s Santa Claus rally.
Anonymous analyst Dave the Wave has told his 131,100 Twitter followers that Bitcoin looks poised to remove horizontal resistance in an upward triangular pattern.
“BTC Christmas Rally of Cards…”
At the time of writing, Bitcoin is trading at $17,046, suggesting that BTC could climb more than 11% if it hits analysts’ target of $19,000.
Looking at Bitcoin from a higher timeframe, Dave the Wave believes BTC presents a “perfect” opportunity for a long-term bull market, based on his Logarithmic Growth Curve (LGC) model. says.
“Without the previous high expectations, a sober look…and without the aftermath of a huge disappointment, the current Bitcoin price is normal and perfect for those interested in risk and reward.”
The LGC model is the analyst’s attempt Predict Bitcoin cycle highs and lows in changing macroeconomic conditions. Dave the Wave has repeatedly said that BTC is currently in a model “buy zone” despite extreme bearish sentiment among market participants.
Fellow crypto analyst Credible also believes Bitcoin is gearing up for a bullish continuation. An analyst tells his 336,200 Twitter followers that BTC is likely to rally toward his $19,000 target.
“My expectations remain the same. Still looking for $19,000. BTC has formed a nice tight consolidation here after a clean impulse on the short timeframe. So we expect it to drop to $16,000 initially, but still expect it to continue rising after that.”
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