Cryptocurrency

Bitcoin

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<p>Noted cryptocurrency analyst Dave The Wave has taken to X (formerly Twitter) to <a href="https://x.com/davthewave/status/1698856063238619300?s=46&amp;t=dYF0hpz-gFc8HcetSehFUQ" rel="noopener noreferrer nofollow">forecast</a> a potential Bitcoin price breakout in 2025.&nbsp;</p> 
<p>According to his analysis, Bitcoin’s halving events will likely become less relevant as the market matures, but they could still act as interim stimuli for price movement.&nbsp;</p> 
<p>Specifically, Dave The Wave points out that Bitcoin prices have historically surged when the monthly peak close intersects with the lower band of the logarithmic growth curve (LGC), a pattern suggesting a price climb to previous highs in 2024 followed by a breakout in 2025.</p> 
<p>The logarithmic growth curve (LGC) is a metric often used by traders to understand long-term price trends in assets that exhibit exponential growth, like <a href="https://u.today/binances-cz-says-bitcoin-is-traceable?amp" rel="noopener noreferrer nofollow">Bitcoin</a>. The LGC has been accurate in the past in predicting significant price events for Bitcoin, lending credibility to Dave The Wave’s latest forecast.&nbsp;</p> 
<h2 id="etf-excitement-fizzles">ETF excitement fizzles</h2> 
<p>After an appeals court overturned the SEC’s decision to block Grayscale Investments’ Bitcoin ETF proposal, initial enthusiasm <a href="https://www.bloomberg.com/news/articles/2023-08-30/grayscale-gbtc-ceo-sonnenshein-unsure-if-firm-has-to-refile-for-bitcoin-etf?utm_campaign=socialflow-organic&amp;utm_content=crypto&amp;utm_source=twitter&amp;utm_medium=social" rel="noopener noreferrer nofollow">quickly waned</a>, leading to a drop in Bitcoin’s price and in shares of <a href="https://u.today/grayscale-bitcoin-etf-saga-no-ruling-in-sec-lawsuit-today?amp" rel="noopener noreferrer nofollow">Grayscale’s Bitcoin Trust</a>. The long-anticipated Bitcoin ETF, once seen as a gateway for mainstream investors into crypto, has failed to sustain interest, particularly as open interest in Bitcoin perpetual swaps remains stagnant.</p> 
<h2 id="bitcoin-s-modest-gains">Bitcoin’s modest gains&nbsp;</h2> 
<p>According to <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">CoinGecko data</a>, Bitcoin is currently trading at $25,709.49, showing a modest 1% increase. With a 24-hour trading volume of nearly $6 billion, the cryptocurrency maintains a market cap of over $500 billion.</p>

Top Trader Predicts Bitcoin Price Breakout in 2025

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