There is no shortage of bullish calls out there on bitcoin

This latest one comes from the trader who accurately (so far) called the 6k lows on bitcoin.

As prices were drifting lower and lower and others were calling for $5k, $3k, and even $2k.

Dave the Wave stepped in and said, nope will stop around $6k, and then we are going up from there.

And so far he has been right.

Could he be right again with his next call?

Maybe.

And that is a big maybe.

Like many price predictions, his is based on the price action bitcoin has exuded to date.

Simply following that price pattern and projecting it outwards, many are calling for things like $100k during this next halving price cycle.

Here's his:

(Source: https://twitter.com/davthewave/status/1210074603864768513)

As you can see it's future growth based on past trends.

Interestingly enough, and somewhat intuitive, it seems the growth rate is slowing down, which is what you might expect given the law of large numbers and all that.

Should we really pay attention to this call?

Well, he was right the last time...

Like I mentioned above, he was right the last time he made a call like this one (so far).

You can see his chart here before price got there:

(Source: https://twitter.com/davthewave/status/1210074603864768513)

Compare that with the chart above and you can see that price came down to his point and turned around right where he said it would.

Again, if prices end up going lower and this is just a short term bounce, then all of this goes out the window.

But for now, he's a prophet and worth paying attention to. :)

Stay informed my friends.

-Doc