Bitcoin Correction May Be Bottoming Out According to Historical Model A prominent crypto analyst known as Dave the Wave is signaling that Bitcoin's most severe correction phase has likely concluded. Using his logarithmic growth curve model, which has demonstrated accuracy since 2018, the analyst suggests BTC has entered a "buy zone" where prices are expected to stabilize. The model indicates the lower bound of this zone sits around $50,000, representing the floor for potential further declines. If Bitcoin experiences another downward movement, technical analysis points to the .382 Fibonacci retracement level near $56,500 as a likely support area. The analyst emphasizes that while lower prices remain possible, they would remain within historically tolerable ranges based on the model's seven-year track record.
