The analyst who predicted the collapse of cryptocurrencies named the best time to buy bitcoin

The popular crypto analyst who accurately predicted the cryptocurrency crash in May 2021 and the sharp decline this year has named the best time to buy bitcoin.

Important: not financial advice.

«Dave Wave told his 125,100 Twitter followers that now is the time to buy the flagship cryptocurrency. «It's time to buy (not sell!) bitcoin,» the analyst wrote in a tweet. Based on his Logarithmic Growth Curve (LGC) model, bitcoin has the potential to grow by more than 1100% over the next four years.

«Who says we won’t get something like this? Themain idea on this chart is that the multi-year trend line running through the LGC functions as a price average ,» the analyst predicted a steady rally of BTC to $ 260,000 by 2026.

At the time of writing, bitcoin is trading at $ 19,296, having risen in value by 3.07% over the past day. This is how BTC managed to recover from yesterday’s fall, as the flagship digital asset set an anti-record for the first time since December 2020. Yesterday, BTC was trading for $ 18,776, when the price of most digital assets fell along with the value of bitcoin, and the total market capitalization dropped to $ 935 billion.