Dave the Wave, a trader known for predicting the May 2021 crypto crash, believes Bitcoin (BTC) is still on an upward trajectory.
BTC Above Key Support Level
According to Dave the Wave, as long as Bitcoin remains above a diagonal support level, it can continue to rise. This level has supported BTC since October 2023.
Market Top in 2025
Using the logarithmic growth channel (LGC) curve, Dave the Wave predicts a market top for Bitcoin in December 2025. This curve aims to forecast long-term cycle highs and lows.
Potential $300,000 Price
If Bitcoin follows the LGC model, Dave the Wave suggests it could reach over $300,000 by the end of 2025.
Current Market Situation
At the time of writing, Bitcoin is trading slightly below $69,000. It has experienced a slight dip in the last 24 hours.
