The crypto market looks pretty bloody today, with the most important coins trading in the red. Check out the latest optimistic Bitcoin predicitons below.
Bitcoin price prediciton
According to the latest reports, the popular crypto analyst who called the May 2021 Bitcoin (BTC) collapse thinks an explosive rally for the king crypto is just around the corner.
The pseudonymous trader known as Dave the Wave shares a chart that shows Bitcoin beginning a move upwards starting next month and surging to the $25,000 range before the end of the year.
“Technically, this is on the cards… which would equate to a half-year-long bottoming range.”
Dave the Wave stated the following:
“Feels like forever, but this bottoming process (on the basis of the [Logarithmic Growth Curve]) is commensurate with before. A less pronounced macro BTC bottom and top (explicable on the basis of a maturing market). Longer-term momentum moving up.”
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $19,300.
Bitcoin is praised by Michael Saylor
Check out the post that Saylor dropped on his social media account below.
#Bitcoin is a union that offers hope for the individual struggling against the oppressive force of the collective. It is the best chance we have to heal our world and rise above the chaos.
— Michael Saylor⚡️ (@saylor) October 22, 2022
Someone said: “Mining hasn’t stopped. It’s just harder to be profitable unless you have cheap energy. And even if it did stop, the difficulty adjustment would make it easier to mine which then prompts new miners to enter the market. It’s a beautiful thing. Also, your time preference is too high.”
Stay tuned for more news, and keep your eyes on the market.