Famous bitcoin analyst Dave The Wave used X (formerly Twitter) to predict a probable breakout in the price of Bitcoin in 2025.
His research indicates that while Bitcoin’s halving occurrences may lose some of their significance as the market develops, they may still serve as temporary catalysts for price movement.
In particular, Dave The Wave notes that the monthly peak near intersection with the lower band of the logarithmic growth curve (LGC) has previously caused a spike in Bitcoin prices. This pattern predicts a price rise to prior highs in 2024 and a breakout in 2025.
A common statistic used by traders to comprehend long-term price movements in assets with exponential growth, like Bitcoin, is the logarithmic growth curve (LGC). The newest prediction from Dave The Wave holds merit since the LGC has previously been successful in foreseeing important price developments for Bitcoin.
ETF excitement fizzles
The early excitement about Grayscale Investments’ proposed Bitcoin ETF rapidly faded, resulting in a decline in the price of Bitcoin and in shares of Grayscale’s Bitcoin Trust after an appeals court reversed the SEC’s decision to reject it. The long-awaited Bitcoin ETF has failed to generate interest, especially given the static open interest in Bitcoin perpetual swaps. It was originally thought of as a method for mainstream investors to enter the cryptocurrency market.
Bitcoin’s modest gains
Bitcoin is presently selling at $25,709.49, up 1%, according to data from CoinGecko. The cryptocurrency maintains a market valuation of more than $500 billion with a 24-hour trading volume of about $6 billion. Bitcoin Price Forecast
