Crypto analyst Dave the Wave has predicted that the price of Bitcoin USD/BTC could reach $160,000 by January 2025. According to the analyst, this could be achieved in the next two years given its logarithmic curve of growth (LGC).
The prediction comes at a time when the crypto market is filled with pessimism, yet Bitcoin remains on track to hit its LGC model. Dave the Wave took to Twitter to explain that while the “bubble” has been “burst,” the current baseline serves as a kind of support. He also mentioned that the top LGC acted as a resistance during the last bull market.
At the time of writing, Bitcoin is currently trading at $16,613, a decrease of 1% over the past seven days. The analyst believes that the current level of Bitcoin could easily reach 10-fold growth in the coming years.
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