Analyst predicts bitcoin’s growth to new highs

A trader known for several accurate predictions in the cryptocurrency market believes that bitcoin remains in a bullish trend. Analyst Dave Wave told his 146,500 followers on the social media platform X about this.

According to him, while bitcoin remains above the level of the ascending diagonal, the cryptocurrency is still ready to set new all-time highs (ATH). «BTC is still on the way ,» Dave Wave emphasized.

The expert says that BTC $60,856.92 Bitcoin -2.74% Market capitalization $1.2 trillion VOL. 24 hours $1.35 billion can still fall below its current value and remain in an uptrend. This will happen provided that it remains above the diagonal support, which has been holding the bullish trend of BTC since October 2023.

«The BTC price still has a lot of room for fluctuations. The dotted diagonal line is the most important one here.»

The analyst also predicts a market top for BTC in December 2025, using his version of the Logarithmic Growth Channel (LGC) curve, which aims to predict long-term cycle lows and highs.

«If you share the theory of the four-year BTC cycle, then it may not help you much with the top. However, if you share the LGC theory, it may come in handy again ,» Dave Wave emphasized.

The analyst suggested that bitcoin could reach the top of the LGC model and soar above $ 300,000 at the end of 2025.