A widely followed crypto analyst believes there are pros and cons to Bitcoin (BTC)’s delay in entering the most explosive phase of the cycle.
Pseudonymous analyst Dave the Wave tells 147,700 followers on social media platform X that Bitcoin may remain in a technical uptrend for a while before eventually going parabolic.
“The simple fact is that BTC price has not gone parabolic yet. This is both negative and positive. A downside is that these higher prices may not happen in the here and now (is that really a downside?), and a positive is that the price is still technically stable and higher prices may be achieved at a later date, as if the increase had occurred earlier.
As the number increased rapidly, it caused excessive excitement in the market. In my opinion there is an element of the “money illusion” at work here. Also keep in mind that the price can always trend slightly upwards despite sober technical data.”
Dave the Wave uses his version of logarithmic growth curves (LGCs), which aim to predict the highs and lows of the Bitcoin market cycle while filtering out short-term volatility.
A look at the dealer’s information…
