Renowned analyst predicts Bitcoin's price decline based on past patterns and logarithmic growth curve model. Stay informed on the latest cryptocurrency trends.
Renowned digital currency analyst, known as Dave the Wave, correctly predicted Bitcoin’s fall in May 2021, now forecasts a significant price drop for Bitcoin in the coming weeks. Referring to a similar pattern from last year where Bitcoin plummeted from over $74,000 to under $50,000, he believes a price decline is imminent. The analyst anticipates late March to be the worst period for Bitcoin stabilization. However, he remains optimistic in the longer term, forecasting Bitcoin to reach $260,000 by the end of the year. This prediction is based on a logarithmic growth curve model and the McClellan oscillator.
