Bitcoin Will see a Major shift in the Coming Days – BTC Price Might Hit These Potential Levels !!

The post Bitcoin Will see a Major shift in the Coming Days – BTC Price Might Hit These Potential Levels !! appeared first on Coinpedia Fintech News

Bitcoin has yet again lost its grip on the $20,000 threshold and has slid towards the $18,900 area. This price action has dragged the entire crypto market, as most assets are now trading in the red. 

Though the flagship currency has overtaken the immediate resistance at $18,500, the currency is still trading at $18,966, with a fall of 6.16% over the last 24hrs at the time of reporting. BTC is also down by more than 72% from its all-time high of $69,000.

A renowned crypto analyst and trader, pseudonymously known as Dave the Wave, claims that various Bitcoin indicators display bullish momentum for the currency.

Dave puts forward his new analysis where he informs his 126,900 followers over Twitter that the Bitcoin dominance has increased- which is another bullish indicator. 

#BTC due a pump… pic.twitter.com/ndDhzVLK21

— dave the wave (@davthewave) September 27, 2022

Next, the analyst talks about the logarithmic growth curve (LGC) indicator, which points towards minute corrections for the King currency. This too, claims the expert, reflects positively for the asset. 

Given #Bitcoin convergence of the LGC channel, a nominal decrease in the corrections can be expected.

Bullish. pic.twitter.com/thsH2HPD7j

— dave the wave (@davthewave) September 25, 2022

Bitcoin Price To Rally Soon

Furthermore, the analyst also brings up his 2018 prediction- claiming it has been the most accurate one yet.

Note: you couldn't have asked for better lines to have been drawn in 2018 that would have accommodated subsequent price action as well as these lines.

— dave the wave (@davthewave) September 25, 2022

As per Dave the Wave, Bitcoin’s current trade time in the LGC model’s buy zone is equivalent to the previous one, after which Bitcoin price spiked.

Price seems to like the #Bitcoin buy zone [according to the LGC].

It has held up there near as long as previously… pic.twitter.com/sCRshORlyr

— dave the wave (@davthewave) September 26, 2022

However, in conclusion, at this time of heightened volatility and instability, there are several theories and predictions circulating within the space. While we can make intelligent guesses, only time can truly tell how the situation will pan out. Bitcoin Will see major shift in coming days – BTC Price Might Hit These Potential Levels !!