Bitcoin To See A Rally To $350k

Bitcoin is on its way to seeing an epic rally to $350k. Check out the latest details involving this bold prediction below.

A crypto strategist who correctly called Bitcoin’s (BTC) collapse in May 2021 is predicting a massive rally for the crypto king in the coming years.

Pseudonymous analyst Dave the Wave said that Bitcoin could ascend to $350,000 by December 2027 based on his logarithmic growth curve (LGC) model.

“Though $350,000 might be…”

According to Dave the Wave, the LGC model is designed to follow Bitcoin’s long-term uptrend. This happens amid changing macroeconomic forces.

The crypto strategist also notes that the LGC model has held up so far despite wild changes that took place in investor sentiment, as reported by the online publication the Daily Hodl. 

“The range high of the model has served as historic resistance since 2018. The chart also shows that the lower boundary of the model is currently acting as support despite the extreme bearish sentiment on BTC,” according to the same online publication mentioned above.

Dave the Wave also said the LGC could keep investor expectations more aligned with the markets during periods when BTC is trading near the top or bottom of the model.

“It’s easy to say up up up at the top, and down down down at the bottom. Not so easy is to say down at or near the top, and up at or near the bottom. The LGC fixes this.”

A leading analytics platform just highlighted the fact that one crucial metric is flashing a bullish signal for Bitcoin (BTC) and Ethereum (ETH).

IntoTheBlock says the number of daily active addresses for both Bitcoin and Ethereum dropped off after surging above $60,000 for the first time in May 2021. Check out our previous article in order to learn more details about all this.