A crypto strategist known for accurate calling of the Bitcoin Meltdown of May 2021 predicts that BTC will undergo a major movement in the coming weeks.
Pseudonym Dave the Wave tells his 147,300 followers on the social media platform X that BTC can be reflection A pattern that was seen last year when Bitcoin pressed new highlights to around $ 74,000 before he dropped below $ 50,000.
“At the end of March, the worst of the BTC consolidation should see based on this fractal …
Those who are disappointed that they have not seen a direct parabola, must take comfort in the technically excellent character of the graph. “
Looking at the trader’s graph, he seems to predict that BTC will correct the Fibonacci level of 0.382 at around $ 81,000 if it follows in the footsteps of last year’s price action. Traders use the Fibonacci Extension Tool to find potential input and starting points based on the Fibonacci ratio.
While Dave anticipates the Golf on a Bitcoin recovery, he believes that BTC will eventually collect by the end of the year and will rise as $ 260.00 based on his Logarithmic Growth Curve (LGC) model and the advancing average convergence – Divergence (MacD) indicator.
The LGC is intended to predict Bitcoin’s market cycle heights and lows, while short -term volatility is postponed in the short term, while the MACD traders helps to identify trend direction and determine potential reversal areas.
Out Dave de Golf,
“Lots of space on the BTC LGC channel and the monthly MacD …”
At the time of writing, Bitcoin acts for $ 96,909.
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Generated image: midjourney
