• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Terra CEO Do Kwon Arrested In Montenegro Airport

2023-03-23

Coinbase CEO sells shares prior to SEC warning

2023-03-23

Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

2023-03-23
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Terra CEO Do Kwon Arrested In Montenegro Airport

    2023-03-23

    Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

    2023-03-23

    Elon Musk, Bill Ackman, Balaji, Cathie Wood Outrage Over US Fed

    2023-03-23

    Crypto Market Mixed As US Fed Hikes Interest Rate By 25 bps

    2023-03-22

    BitMEX Founder Arthur Hayes Believes Bitcoin Can Cross $1 Million Mark

    2023-03-22
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    IRS Seeks to Tax NFTs Like Other Collectibles

    2023-03-21

    Sony Interactive Entertainment files for NFT patent

    2023-03-21

    concerns of wash trading surface

    2023-03-21

    Snoop Dogg’s Iconic NFT Collection Unveiled by Clay Nation

    2023-03-21
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    Coinbase CEO sells shares prior to SEC warning

    2023-03-23

    Top Crypto Analyst Turns Bullish on Ethereum Rival That’s Up 135% This Year

    2023-03-23

    6 Ethereum Altcoins Targeted By SEC Ahead of Coinbase Wells Notice

    2023-03-23

    Bitcoin breaks below $26.7K; liquidations rise over $230M in 24hrs

    2023-03-22

    Ripple Relocates 120,000,000 XRP After 35% Rally This Week: On-Chain Data

    2023-03-22
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    Top 10 Best Ethereum Wallets 2023

    2023-03-18

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17
  • Market Cap
The Crypto News Insider
Home»Analysis»Analyst Who Nailed May 2021 Bitcoin Collapse Unveils Massive BTC Price Target – Here’s How Long Traders May Have To Wait
Analysis

Analyst Who Nailed May 2021 Bitcoin Collapse Unveils Massive BTC Price Target – Here’s How Long Traders May Have To Wait

2022-06-26No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The intently tracked crypto strategist who precisely referred to as Bitcoin’s Could 2021 crash says he may see BTC rising exponentially within the coming years.

Dave the Wave tells his 118,000 Twitter followers that primarily based on his logarithmic development curve (LGC) mannequin, Bitcoin may doubtlessly witness a rise of over 1,100% over the subsequent 4 years.

“Who’s to say we don’t get one thing like this? The principle thought at play on this chart is the multi-year trendline, chopping via the LGC, features as a *imply* of value.” 

Image
Supply: Dave the Wave/Twitter

Trying on the chart, the crypto strategist predicts a sustained Bitcoin rally to $260,000 by 2026.

Along with predicting the Could 2021 collapse, Dave the Wave additionally referred to as BTC’s capitulation to round $25,000 in April this 12 months when Bitcoin was buying and selling at round $43,000. In each situations, the crypto strategist relied on the LGC mannequin.

Dave the Wave highlights that the LGC has been predicting the tops and bottoms of BTC since 2018.

“Effectively, unsurprisingly, they had been thought [to be conservative] in 2018 when first employed. That value has now tracked the peak and depth of these curves for a great few years ought to make them much less stunning…. although maybe nonetheless undesirable for some.”

As for his short-term outlook on Bitcoin, the analyst says BTC is gearing as much as rally to his goal at $25,000.

“Bitcoin within the longer-term purchase zone for buyers. Technical analyst on the shorter-term [always more specualtive] – $25,000 goal.”

Image
Supply: Dave the Wave/Twitter

At time of writing, Bitcoin is altering fingers for $21,442, within the inexperienced for lower than 1% up to now day.

See also  Ethereum: These metrics can give aggressive traders some clarity

Test Value Motion

Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Each day Hodl Combine

&nbsp

Test Newest Information Headlines

 

&nbsp

Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you might incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in affiliate internet marketing.

Featured Picture: Shutterstock/Liu zishan/Natalia Siiatovskaia



Source link

Analyst Bitcoin BTC Collapse Heres long Massive Nailed Price Target traders unveils Wait
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase CEO sells shares prior to SEC warning

2023-03-23

Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

2023-03-23

Top Crypto Analyst Turns Bullish on Ethereum Rival That’s Up 135% This Year

2023-03-23

6 Ethereum Altcoins Targeted By SEC Ahead of Coinbase Wells Notice

2023-03-23
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Bitcoin Rally Loses Steam, Uncertainty To Dominate Price?

2023-01-05

Dogecoin Rallies As Price Breaks Major Resistance; Here Is Why $0.15 Is Possible

2022-11-26

Analyst Predicts Epic Litecoin Rally As This Year’s Halving Approaches – Here’s His Target

2023-01-10

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Terra CEO Do Kwon Arrested In Montenegro Airport

2023-03-23

Coinbase CEO sells shares prior to SEC warning

2023-03-23

Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

2023-03-23
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,355.00-1.57%
  • ethereumEthereum(ETH)$1,831.340.59%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.021.34%
  • binancecoinBNB(BNB)$332.330.40%
  • usd-coinUSD Coin(USDC)$1.010.76%
  • rippleXRP(XRP)$0.4544361.08%
  • cardanoCardano(ADA)$0.3834820.11%
  • dogecoinDogecoin(DOGE)$0.0787843.06%
  • staked-etherLido Staked Ether(STETH)$1,809.47-0.68%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}