Ah, behold the sage of the digital realm, an analyst with a knack for timing the Bitcoin waves! This oracle, known as Dave the Wave, proclaims that BTC is not just crawling, but rather striding toward a monumental new peak, as the market matures like fine wine—well, maybe more like a cheap beer left out in the sun. 🍺
With a following of 153,800 on the platform X, our dear Dave insists that Bitcoin is destined to follow his logarithmic growth channel (LGC) curve, aiming for a staggering all-time high of $220,000. Yes, you heard it right! Just when you thought it was safe to go back in the water, here comes the big fish! 🐟
The LGC curve, a mystical tool, seeks to predict Bitcoin’s long-term highs and lows while filtering out the pesky short-term hiccups. It’s like trying to find a calm spot in a stormy sea—good luck with that!
Our analyst also hints that Bitcoin might be moving away from those wild parabolic swings of yore. It’s like watching a toddler learn to walk—less wobbling, more stability! “Many are now describing the different nature of this BTC cycle. For years, I have predicted the ‘maturing of the market’ with the price action of cycles moving from a parabolic to a more technical nature…” Oh, the drama! 🎭
“A maturing market not only explains the qualitatively different nature of this cycle but also explains the LGC itself.” Yes, because who doesn’t love a good explanation wrapped in a riddle?
Next on the agenda, our analyst observes that Bitcoin is currently stuck in a narrow range, trading between $100,000 and $110,000. It’s like being trapped in a bad relationship—no one knows how to break free! “BTC bring it on.” Oh, the confidence! 💪
Finally, the analyst declares that Bitcoin is flexing its muscles, trading above $100,000 on the weekly chart. “BTC holding up.” Yes, just like that one friend who insists they can still party after three days without sleep! 🎉
As of now, Bitcoin is priced at $107,083, up a modest 1.9% in the last 24 hours. Not too shabby, eh?
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2025-06-17 10:22