An analyst who accurately called the big crypto crash of May 2021 says that Bitcoin (BTC) going to its all-time high this year is not completely off the table.
Pseudonymous analyst Dave the Wave, who also predicted BTC recovering from the bear market near the $20,000 level, lists four reasons why a BTC rally up to its high at around $69,000 in 2023 is not an unreasonable expectation.
“A move to push previous BTC all-time highs this year is perfectly feasible:
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– less steep rate of appreciation
– plenty of time, equal to the decline
– only midway on the logarithmic growth curve channel
– 25% of the way there already”
Source: Dave the Wave/Twitter
The analyst specializes in using logarithmic growth curves (LGCs), which
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