Renowned for his accurate predictions in the crypto market, a trader asserts that Bitcoin (
BTC
) is still on a bullish trajectory.
Operating under the pseudonym Dave the Wave, the analyst shares with his 146,500 followers on the social media platform X that as long as Bitcoin remains above a specific ascending diagonal level, the leading cryptocurrency is likely to achieve new all-time highs (ATHs).
“BTC remains on course.”


Source: Dave the Wave/X
According to the analyst, Bitcoin could experience a dip below its current value and still be considered in an upward trend as long as it maintains above a crucial diagonal support level that has been instrumental in keeping BTC bullish since October 2023.
“There’s still room for Bitcoin’s price to fluctuate. The dashed diagonal line holds significant weight here.”


Source: Dave the Wave/X
Furthermore, the analyst forecasts a peak in the market for Bitcoin in December 2025 using his own interpretation of the logarithmic growth channel (LGC) curve. This curve aims to anticipate the longer-term highs and lows of Bitcoin’s cycle while filtering out short-term market volatility.
“If you adhere to the traditional BTC four-year cycle theory, it might not provide much insight into the peak (again). However, the LGC theory could prove to be more beneficial.”


Source: Dave the Wave/X
Based on his analysis, the analyst suggests that Bitcoin could reach the peak of the LGC model and surge above $300,000 by the end of 2025.
At the time of writing, Bitcoin is trading at $68,654, experiencing a slight decrease in value over the past 24 hours.
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