Christmas Bitcoin Rally Imminent, Says Analyst Who Accurately Predicted May 2021 Crypto Crash – Here’s His Outlook

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Christmas Bitcoin Rally Imminent, Says Analyst Who Accurately Predicted May 2021 Crypto Crash – Here’s His Outlook

He kaitātari crypto i karanga tika Bitcoina (BTC) ka hinga i tera tau kei te matapae he huihuinga Santa Claus mo te kingi crypto.

The pseudonymous analyst Dave the Wave tells his 131,100 Twitter followers that Bitcoin looks poised to take out the horizontal resistance of an ascending triangle pattern.

"BTC Xmas huihuinga i runga i nga kaari..." 

Source: Dave te Wave / Twitter

I te wa e tuhituhi ana, Bitcoin is trading hands for $17,046, suggesting a potential rise of over 11% should BTC hit the analyst’s target of $19,000.

Te titiro Bitcoin from a higher timeframe, Dave the Wave says BTC is presenting an “optimal” opportunity for long-term bulls based on his logarithmic growth curve (LGC) model.

“Looked at soberly, without the previous great expectation… and without the aftermath of great disappointment, current prices are both Bitcoin normal and optimal for those interested in risk and reward.” 

Source: Dave te Wave / Twitter

Ko te tauira LGC na te kaitätari ngana to predict the cycle highs and lows of Bitcoin amid changing macroeconomic conditions. Dave the Wave has repeatedly said that BTC is currently at the “buy zone” of the model despite the extreme bearish sentiment among market participants.

Fellow crypto analyst Credible also believes that Bitcoin is gearing up for bullish continuation. The analyst tells his 336,200 Twitter followers that BTC will likely rally toward his target of $19,000.

"Kaore he huringa ki aku tumanako. Kei te rapu tonu mo te $19,000. I hangaia e te BTC he whakakotahitanga pai ki konei i muri mai i te maatanga o te wa iti. Ka topa ki te $16,000 i te tuatahi ki te tango i enei waahanga iti engari kei te tatari tonu kia piki ake i muri mai ahakoa he aha. 

Source: Credible / Twitter Kaua e ngaro tetahi Patu - Ohauru ki te tuku matohi i nga imeera crypto kua tukuna totika atu ki to pouaka pouaka

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