Bitcoin is on the agenda with the statements of the well -known crypto currency strategist Dave The Wave, who accurately predicted the last 2021 market decline. The strategist argues that with his technical analysis, Bitcoin can reach new summits this year, while positive indicators on the market attract the attention of investors.
Technical graphics send strong signals
Dave The Wave uses the logarithmic growth curve (LGC) to understand Bitcoin’s price movements. This model filters short -term noise by revealing the long -term cyclical structure of the asset. Strategist, stating that Bitcoin was about $ 40,000, said that LGC came out of the “purchase zone”, and that this development represents the beginning of the rise trend.
The model in question successfully identified the bottom and peak points in the past. As Dave The Wave emphasizes on the graphic by saying “Price on Track ,, the price of Bitcoin is moving forward to the path drawn by the model. The strategist considers this harmony as an indicator of market maturity.
While the LGC model stands out as a reassuring tool for long -term investors, it draws attention with its structure that is not affected by short -term price movements. This helps investors make their decisions, not emotional, but based on data.
MACD and Market Dynamics
Another indicator in Dave The Wave’s analysis is the Logarithmic Moving average convergence deviation, ie LMACD. This indicator, which is above the zero line on a weekly basis, is considered a strong technical support for Bitcoin. According to the strategy, LMACD, which has not been seen in the negative region since the beginning of 2023, gives positive signals about the direction of the market.
Reminding the positive trend with the expressions “BTC Weekly Macd Has Not Been in Bear Territory Early 2023”, Dave The Wave says technical indicators support the bull tendency. Such signals can play a decisive role, especially in long -term investment decisions.
Bitcoin’s test of $ 90,000 is in harmony with this technique. The strategist’s interpretations such as “Bang on Target” and “BTC Chuging Away Like Clockwork” reveal that price movements are progressing in the expected line. This offers a reassuring picture of market stability.
In addition to technical analysis, other elements such as investor sensitivity and transaction volume support this process. The transaction volumes that accompany the rise indicate that the market maintains its vitality.
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.
