Bitcoin is predicted to grow significantly by the New Year holidays

The crypto analyst who correctly predicted bitcoin’s crash in 2021 is predicting a «Santa Claus rally» for the flagship cryptocurrency. The cryptocurrency expert known as «Dave Wave» told his 131,100 Twitter followers that bitcoin is likely to rise to $ 19,000, an 11% increase over the current BTC level. At the time of writing, the bitcoin rate was at $ 17,035, down almost 2% from a day earlier.

«Dave Wave emphasizes that BTC represents an «optimal opportunity for long-term bulls» based on his logarithmic growth curve (LGC) model. «When viewed soberly, without prior high expectations… and without the consequences of a major disappointment, current BTC prices are optimal for those interested in risk and reward.»

The LGC model is an analyst’s attempt to predict bitcoin’s cyclical highs and lows in the face of changing macroeconomic conditions. Dave Wave has repeatedly stated that BTC is now in a «buying zone» despite unprecedented bearish sentiment among market participants.

Another crypto analyst known as Credible also believes that bitcoin will continue to grow. The analyst tells his 336,200 Twitter followers that BTC is likely to cross the $ 19,000 price point. «My expectations have not changed, I still expect $ 19,000. BTC may first drop to $ 16,000 to overcome the accumulated lows, but despite this, the cryptocurrency is expected to continue to grow.»

Earlier, Dave Wave predicted that bitcoin could potentially grow by more than 1100% over the next four years — the analyst predicts a steady rally of BTC to $ 260,000 by 2026. In September, the crypto analyst urged the community to buy up the flagship cryptocurrency.