While analyzes on current developments in crypto currency markets continued, Bitcoin in the past $105,662.15 Analyst Dave The Wave, known for his accurate evaluations about price movements, gave signals of a new record level for Bitcoin. Analyst, who shared his thoughts with 153,800 followers in the social media platform X, claimed that Bitcoin has risen in accordance with a mathematical model and could reach $ 220,000 in the long term.
Importance of Logarithmic Growth Canal Model
The logarithmic growth channel (LGC), which the analyst focuses on estimates, aims to predict the low and high levels in Bitcoin’s long -term cycles. The model helps to understand Bitcoin’s wider movements by ignoring short -term price fluctuations. Dave The Wave, said in a statement that the upright movements seen in the previous rise of the market have been moved away and a more technical pricing process has been started.
“I have stated that I have been waiting for the ‘mature’ in the market for a long time. I think that the price movements in the loops evolved into a more technical structure than a parabolic structure. This maturation explains both the quality of the current cycle and the logarithmic growth channel itself.”
– Dave The Wave
With this maturation in the market, the analyst emphasized that the quality of the cycles has changed and that investors should adapt to this new structure. The LGC model pointed out that the intense price changes in the short term may be less effective in long -term analysis.
Current price range and market behavior
Dave The Wave recently said that Bitcoin has been stuck in a band of $ 100,000 to $ 110,000, and that horizontal movements could continue in this narrow range for a while. Analyst pointed out that technical indicators show a stable course in this price range.
“BTC continues to move in the range of stuck.
– Dave The Wave
In this process, Bitcoin’s remaining above $ 100,000 in the weekly graph is considered by the analyst as an indicator of market power. The price of the price above this level indicates that there is no significant significant sign of slimming in the market in the short term.
The latest situation in the markets and the expectations of the analyst
Bitcoin’s price was $ 107,083 at the time of the article and a value increase of 1.9 percent in the last 24 hours was recorded. In the light of these developments, Analyst thinks Bitcoin continues to resist the market despite short -term fluctuations.
“BTC continues its power by focusing above $ 100,000 in weekly graphics.”
– Dave The Wave
While the mathematical models involved in analyst Dave The Wave’s evaluations have attracted attention with their past estimates, investors carefully examine such predictions. It is emphasized that uncertainties continue in the markets and price movements may be affected by many factors.
Many models have been developed to estimate long -term price movements in the Bitcoin market. The LGC model is used as an alternative method for those who want to analyze cyclical movements. However, it is important for investors to know that any model alone cannot foresee prices with absolute accuracy and to decide by doing their own research. The highly prominent level of $ 220,000 in the analysis is emphasized that market risks against rise scenarios should always be taken into consideration while opening the long -term potential of the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
