Analyst Knowing $ 6,400, $ 10,500 and More in Bitcoin: We're Going To These Crazy Levels!

 

Veteran analyst Dave the Wave, who correctly predicted that Bitcoin will fall by more than 40% last year, announced his new forecast. The analyst says Bitcoin could be on a long-term path towards $ 540,000.

Dave the Wave: Bitcoin is on a long term road towards $ 540,000

Dave the Wave points out that Bitcoin is still in the earliest stages of its adoption curve, and refers to a chart shared by on-chain market analyst Willy Woo. According to Dave the Wave, Bitcoin's growth in terms of market share is just beginning as buyers of the leading cryptocurrency over the past 11 years are seen as innovators making up 2.5% of the total addressable market.

Using the S-curve, Dave the Wave predicts that Bitcoin's value will skyrocket to $ 540,000 as it will capture a larger percentage of its market share over the next decade. Dave the Wave states that Bitcoin will meteorically increase by 4,900% from its current value of $ 10,700. The crypto strategist continues to be skeptical about Bitcoin's Stock Flow Model (S2F). The Stock Flow Model states that by December 2021, the price of Bitcoin will reach $ 100,000.

Master analyst: No model should be blindly believed!

PlanB, the first analyst to implement the S2F model in BTC, trusts its model and says:

OK, WE WILL SEE WHAT HAPPENS BY DECEMBER 2021: S2F> 100,000 DOLLAR, DAVE <100,000 DOLLAR.

Dave the Wave emphasizes that the criteria are set to prevent investors from blindly believing in the model. Dave the Wave adds the following to his comments on the subject:

TO THE EXTENT THAT PEOPLE CAN BE RATIONAL / CIVILIZED ABOUT THE SUBJECT (Believing and Unbelievers in S2F), THEN IT SHOULD BE A VERY IMPORTANT TEST. THE S2F PRICE ESTIMATE IS ENOUGH CÖMERT UNLESS IT BECOMES A DOGMA.

Here are the successful predictions of famous analyst Dave the Wave

Dave the Wave is a cryptocurrency analyst who correctly predicted that Bitcoin will drop to $ 6,400 in mid-2019. Earlier this year, the analyst said that the leading cryptocurrency would rise to around $ 11,000 before returning to $ 8,000, and he knew it too. Apart from these, there are other predictions that the famous analyst has had a high success rate.