Analyst Who Crashed Bitcoin in May 2021 Reveals Big BTC Price Target – Here's How Long Traders Might Have to Wait
Bitcoin Crash 2021
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The crypto strategist who accurately tracked the May 2021 crash of bitcoin said that he could see BTC rising exponentially in the coming years. Dave the Wave told his 118,000 Twitter followers that based on his Logarithmic Growth Curve (LGC) model, Bitcoin could potentially see growth of over 1,100% over the next four years.In addition to forecasting a fall in May 2021, Dave the Wave called BTC surrender around $25,000 in April of this year, when bitcoin was trading at around $43,000. In both instances, the crypto strategist relied on the LGC model. Dave the Wave highlights that the LGC has been predicting the tops and bottoms of BTC since 2018. “Well, unsurprisingly, they were thought [to be conservative] in 2018 when first employed. That price has tracked the height and depth of those curves for a few years now, making them less surprised…. Although perhaps still undesirable for some." As for his short-term outlook on bitcoin, the analyst says BTC is poised to rebound to its target of $25,000. "Bitcoin is in a long-term buy zone for investors. Short term technical analyst [always more speculative] – $25,000 target.”
Now we know when will bitcoin crash again 2022. The whole crypto market has changed since the last time bitcoin crashed in May 2021 according to many reports from traders who have realized it through their own eyes, as well as day traders who follow their strategies.