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      Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $18,800 Support Level on Saturday

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      Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $18,800 Support Level on Saturday

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    Home»Bitcoin»Analyst Who Knows Critical Levels: Bitcoin Goes To These Disastrous Levels!
    Bitcoin

    Analyst Who Knows Critical Levels: Bitcoin Goes To These Disastrous Levels!

    cryptossorBy cryptossorAralık 30, 2021Yorum yapılmamış2 Mins Read
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    A crypto analyst who foreshadowed Bitcoin’s big correction in May 2021 says there’s a debate to be had for another major crash. Bitcoin analyst known as Dave the Wave is giving a series of warning signs that the leading crypto could be on a downward path to $25,000. Here are the details…

    Analyst confirms Bitcoin crash with 5 metrics

    Cryptocoin. com You can find the best estimates of “Dave the Wave”, which we compiled here. The Bitcoin analyst is now confirming the drop to $25,000 with five different technical metrics. The analyst shares the following arguments for $25,000:

    • Welcome to the Gaussian Channel
    • Meeting 4-year MA (moving average)
    • Fulfilling LGC’s bottom channel (logarithmic growth curves)
    • Measured target for head and shoulders (on short-term charts)
    • Measured 50% true backtrace last parabolic rise.

    Gaussian channels are a momentum indicator that can be used to identify price highs and lows. A drop to $25,000 would also be a potential target if a head and shoulders pattern, a price structure used to identify a trend reversal, is played out. The analyst also looks at various times when Bitcoin was at the bottom of its logarithmic growth curves (LGC). He predicts that if BTC enters a long bear market, it may not find a bottom at $28,000 by 2023:

    The *base* value of LGC in approximately 6 years: 2016 – $0.4000, 2019 – 4.000, 2022 – 21,000, 2023 – $28,000.

    Finally, the analyst considers another scenario where Bitcoin (BTC) drops to around $28,000 in May 2022 before breaking above the six-digit mark:

    Possible fractal with an exit to new ATHs in May next year. I’d say some will be surprised whether this is bullish or bearish.

    Analyst bitcoin Dollar
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    Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $18,800 Support Level on Saturday

    By cryptossorTemmuz 2, 2022

    Bitcoin moved closer to its long-term support level of $18,800 to start the weekend, as…

    Sleeping Bitcoins Wake Up, Kiyosaki Waits for $1,100 BTC, and Zuckerberg Eyes Metaverse Money — Bitcoin.com News Week in Review

    Temmuz 2, 2022

    Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico

    Temmuz 2, 2022

    Study: AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020

    Temmuz 2, 2022

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