{"id":37607,"date":"2026-03-09T07:04:01","date_gmt":"2026-03-09T07:04:01","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=37607"},"modified":"2026-03-09T07:04:01","modified_gmt":"2026-03-09T07:04:01","slug":"crypto-analyst-says-historically-accurate-model-shows-worst-of-bitcoin-btc-correction-now-over","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=37607","title":{"rendered":"Crypto Analyst Says Historically Accurate Model Shows Worst of Bitcoin (BTC) Correction Now Over"},"content":{"rendered":"

\"\"<\/p>\n

A widely followed crypto analyst says that the most severe part of Bitcoin\u2019s (BTC) correction is now over.<\/p>\n

Dave the Wave tells<\/a> his 158,000 followers on X that Bitcoin has entered the \u201cbuy zone\u201d of his logarithmic growth curve (LGC), a range that BTC will likely chop around within until a bullish reversal based on historical precedence.<\/p>\n

The LGC is a model that aims to forecast Bitcoin\u2019s market cycle highs and lows while filtering out short-term volatility.<\/p>\n

\u201cAs we can see by the chart, there is good reason to think the worst of the correction is behind us. That said, this does not mean to say there it will not be lengthier, or that prices will not go lower. <\/em><\/p>\n

But those lower prices are likely to stay within the buy zone [and remain tolerable] according to the LGC model that has performed well since 2018 as well as a technical two level fib (Fibonacci) retracement of the cyclical move up.\u201d<\/em><\/p>\n

\"\"
Source: X\/Dave the Wave<\/figcaption><\/figure>\n

Looking at his chart, the analyst suggests the lower bound of the \u201cbuy zone,\u201d currently at around $50,000, will likely be the lowest level BTC could possibly decline to based on the LGC model\u2019s accurate track record for the last seven years.<\/p>\n

The analyst\u2019s chart also suggests that if there is another leg down, Bitcoin will likely find support at the .382 Fibonacci level at around $56,500.<\/p>\n

Fibonacci retracement levels are used in technical analysis for determining an asset\u2019s support and resistance levels.<\/p>\n

Bitcoin is trading for $67,242 at time of writing, up 0.15% on the day.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n

The post Crypto Analyst Says Historically Accurate Model Shows Worst of Bitcoin (BTC) Correction Now Over<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A widely followed crypto analyst says that the most severe part of Bitcoin\u2019s (BTC) correction is now over. Dave the Wave tells his 158,000 followers on X that Bitcoin has entered the \u201cbuy zone\u201d of his logarithmic growth curve (LGC), a range that BTC will likely chop around within until a bullish reversal based on […]<\/p>\n","protected":false},"author":1,"featured_media":37608,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-37607","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nCrypto Analyst Says Historically Accurate Model Shows Worst of Bitcoin (BTC) Correction Now Over - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=37607\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst Says Historically Accurate Model Shows Worst of Bitcoin (BTC) Correction Now Over - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A widely followed crypto analyst says that the most severe part of Bitcoin\u2019s (BTC) correction is now over. 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