Bitcoin

Polygon

Renowned cryptocurrency analyst and trader, Dave the Wave, known for his numerous accurate predictions, has highlighted Polygon (<a href="https://en.coin-turk.com/the-future-of-matic-coin-price-analysis-and-market-trends-for-polygon-matic/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MATIC</a>) as an altcoin that could experience a significant surge during the next bull market. The analyst also commented on the current outlook for <a href="https://en.coin-turk.com/bitcoin-shows-potential-bullish-signal-as-macd-indicator-crosses-zero-line-analyst-says/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC).
<h2 style="text-align: justify" id="strong-bitcoin-could-bring-5x-returns-matic-3x-according-to-analyst-strong">Bitcoin Could Bring 5x Returns, MATIC 3x, According to Analyst</h2>
Anonymous cryptocurrency analyst Dave the Wave, from his personal account on the <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">social media</a> platform X (formerly known as Twitter), stated that the native asset of the Layer 2 scaling solution Polygon, MATIC, could enter a major upward trend against the largest cryptocurrency Bitcoin (MATIC/BTC). The analyst expressed his expectation that if Bitcoin gains 5 times its value against the US dollar, MATIC could gain 3 times its value against BTC.
<img decoding="async" class="aligncenter size-full wp-image-275172" src="https://coin-turk.com/wp-content/uploads/2023/11/Polygon-MATIC-Altcoin.png" alt="" width="1835" height="901">
The price chart shared by the analyst indicates that MATIC is expected to replicate a pattern observed in the past against BTC, leading to an approximate increase of 200% from its current value, reaching a level of 0.0000618 BTC (around $2.25). At the time of writing, MATIC/BTC is trading at 0.0000220 (around $0.77).
<h2 style="text-align: justify" id="strong-bitcoin-finds-strong-bull-support-strong">Bitcoin Finds Strong Bull Support</h2>
Following MATIC, Dave the Wave, who directly focuses on Bitcoin, drew attention to how the logarithmic growth curve (LGC) of BTC’s one-year moving average aligns with the broader-scale price model of Bitcoin. The LGC chart shared by the analyst represents an approach aimed at filtering short-term price movements and noise by plotting the highest and lowest levels of Bitcoin’s long-term market cycles.
Emphasizing that the one-year moving average is the best indicator for Bitcoin, just like the LGC, the analyst stated:
<blockquote>
 The one-year moving average of BTC is confirmed by the LGC. Indeed, this is the best single indicator we have to determine ‘bull market support’. In shorter-term indicators, the price makes contradictory movements on both sides.
</blockquote>
<img decoding="async" class="aligncenter size-full wp-image-275173" src="https://coin-turk.com/wp-content/uploads/2023/11/Bitcoin-LGC.jpeg" alt="" width="1835" height="901">
Looking at the chart shared by the analyst, the price of the largest cryptocurrency is moving within an upward trend above the one-year moving average, which the analyst pointed out as the bull support. Continue Reading: <a href="https://en.coin-turk.com/polygon-matic-could-bring-3x-returns-compared-to-bitcoin-btc-analyst-says/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/polygon-matic-could-bring-3x-returns-compared-to-bitcoin-btc-analyst-says/</a>

Polygon (MATIC) Could Bring 3x Returns Compared to Bitcoin (BTC), Analyst Says

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