Key Points:Bitcoin seems to be maintaining its technical setup since the second quarter 2019 when BTC rose from $4,000 to $14,000 in just a few months.
According to the logarithmic growth curve model of crypto strategists (LGC), Bitcoin’s value could rise by 676% by 2024.
According to the crypto expert Dave the Wave, bitcoin is showing signs that it is preparing for a major surge to the upside.
Weekly MACD [moving average convergence/divergence] in same area
Histogram extended
Price in the lower band/buy zone
Dave the Wave’s chart shows that BTC seems to be maintaining its technical setup from the first quarter of 2019, when it rose from $4,000 to $14,000 in just a few months. According to the analyst, the MACD, which is a trend reversal indicator that tracks the movement of moving averages, is currently in the same area it was before the 2019 BTC spike. Similar to Bitcoin’s Q2 2019, the histogram, which measures the convergence or divergence between moving averages, is trending upward. The logarithmic growth curve model of a crypto strategist predicts that Bitcoin will experience boom-and-bust cycles in the face of changing macroeconomic conditions. Dave the Wave claims that the LGC concept is for long-term Bitcoin investors.
BTC charts can be used by investors to buy in small amounts over a period ….. A good investment is possible if the price is in the buy zone ‘….
The Bitcoin price is currently at $23,570. This is a 2.4 percent increase in Bitcoin trading over the past 24 hour. Source: TradingviewCoincu. Addresses holding 0.1 BTC (approximately $1000), increased from 3.40 million on January 1, to 4.20 million by December 31, 2018. However, the number addresses holding 0.1 BTC (approximately $1000) has increased over the same time period, from 3.40 million on January 1 to 4.20 million as of December 31. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuThanaCoincu NewsTags: #bitcoin pricebitcoinbitcoin paymentbitcoin price analysisBitcoin whaleBitcoinsBTCbtc priceBTCs