The cryptocurrency analyst Dave the Wave believes that Bitcoin is still in a bullish trend and may not enter a parabolic phase immediately. He sees this delay as both a negative and a positive, as higher prices may not come right away but the stability of the price suggests eventual higher prices. Dave the Wave's logarithmic growth curves suggest that Bitcoin's support levels may be tested around $70,000 while maintaining the overall bullish trend. He mentions that Bitcoin is currently in a consolidation phase until it breaks out of a key trendline. At the time of writing, Bitcoin is trading at $92,338, down 13.2% in the last two weeks.



Other News from Today