Top Trader’s Bold Projection: Ethereum Set to Outshine Bitcoin Anew, Echoes May 2021 Crypto Market History
Renowned trader and analyst Dave the Wave, known for his precise predictions, suggests that Ethereum (ETH) might surpass Bitcoin (BTC) in the long run.
Despite ETH/BTC showing a pattern of lower highs and lower lows in the short term, Dave points out a different perspective when examining the bigger picture. He emphasizes the importance of focusing on longer timeframes, highlighting how they are crucial for accurate predictions and true speculation. As opposed to dwelling on recent price actions. Dave the Wave illustrates, when viewed over several years.
ETH/BTC is potentially approaching the end of a substantial wedge pattern, hinting at a breakout upwards around the beginning of the next year. On the other hand, Dave utilizes his version of logarithmic growth curves (LGCs) to analyze Bitcoin’s market cycle, filtering out noise and volatility. According to his LGC analysis, Bitcoin is poised to outperform traditional assets like stock indices for at least another decade. Indicating its sustained potential for wealth creation and long-term viability.
Clever Robot News Desk 2nd October 2023
